Summary: Petition for Approval of the Power Cost Adjustment (PCA) Mechanism Annual Report for calendar year 2014. Actual power costs were higher than baseline average power cost rates in effect during 2014 creating an under-recovery of $40,127,109. After cost sharing included in the PCA, PSE's share of the under-recovery is $30,012,711 and customers' share is $10,114,398. The cumulative deferral balance for the PCA is $4,623,327 in the surcharge direction. No refunds or surcharges are instituted until the deferral balance reaches a threshold of $30 million in either direction.
