On the recommendation to increase the base rate to produce an additional $3.8 million annually, CPUC Chairwoman Viola Alepuyo said: “At this time the commission has not approved the base rate as requested by CUC as stipulated by the parties.”
But CPUC decided in favor of a new LEAC charge of $0.34426 per kwh to be established effective April 16, 2011 and to continue in force and effect until changed by subsequent commission order to fund the following rate elements: (a) fuel and lube oil, $0.32691; volatility allowance, $0.01635 per kwh; regulatory and technical support, $0.00100 per kWh.
The commission said LEAC will revert to its previous rate once “fuel price drops so much.”
More details to follow.
