| Summary |
Revises Tariff No. WN U-28 to decouple the Company’s Commission-authorized revenues from kilowatt-hour (“kWh”) sales, such that the Company’s revenues will be recognized based on the number of customers served under the applicable electric service schedules. The decoupling mechanism allows the Company to 1) defer the difference between actual decoupling-related revenue received from customers through volumetric rates, and the decoupling-related revenue approved for recovery in the Company’s last general rate case; and 2) file a tariff to surcharge or rebate, by rate group, the total deferred amount accumulated in the deferred revenue accounts for the prior January through December time period. The estimated annual revenue change associated with this filing is an increase of approximately $22 million. Residential customer using an average of 945 kilowatt hours per month would see their bills change from $97.26 to $103.36, an increase of $6.10, or 6.3%. |
