Recently, PG&E filed Advice Letter 4212-E to implement its new electric rates effective on May 1, 2013. This rate change revises the electric transmission rates PG&E filed with the Federal Energy Regulatory Commission (FERC). Overall revenue in this advice letter will increase by approximately $233 million. Bundled and DA/CCA average electric rates will increase about 1.8% and 4.5%, respectively.
The primary drivers for the rate increase are the need to replace and modernize aging transmission infrastructure and the interconnection of new electric generation, including renewable resources. PG&E is in the midst of a multi-year effort to expand and improve its transmission system, in keeping with the FERC’s direction to improve the nation’s electric transmission infrastructure. PG&E, along with SDG&E and SCE own most of the transmission facilities in California. As a 'transmission owner', the annual filing represents a majority of the transmission revenue requirement and is used to pay for the transmission service, which ultimately benefits electric consumers.
The primary drivers for the rate increase are the need to replace and modernize aging transmission infrastructure and the interconnection of new electric generation, including renewable resources. PG&E is in the midst of a multi-year effort to expand and improve its transmission system, in keeping with the FERC’s direction to improve the nation’s electric transmission infrastructure. PG&E, along with SDG&E and SCE own most of the transmission facilities in California. As a 'transmission owner', the annual filing represents a majority of the transmission revenue requirement and is used to pay for the transmission service, which ultimately benefits electric consumers.
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