| Summary |
Petition for Approval of the Power Cost Adjustment (PCA) Mechanism Annual Report for calendar year 2013. Actual power costs were lower than the average of the baseline power cost rates in effect during 2013 thereby creating an over-recovery of $37,811,938. Given the sharing methodology associated with the PCA, PSE's share of the over-recovery is $28,905,969, and customers' share is $8,905,969. The cumulative balance for PCAs' from 2001 through 2013 is $6,256,021 in the customers' favor. No refunds or surcharges are instituted until the deferral balance reaches a threshold of $30 million in either direction. |
