163 Application of PECO Energy Company for issuance of qualified rate order under sections 2808 and 2812 of the Public Utility Code; doc. no. R-00973877
PENNSYLVANIA PUBLIC UTILITY COMMISSION Application of PECO Energy Company for Issuance of Qualified Rate Order Under Sections 2808 and 2812 of the Public Utility Code; Doc. No. R-00973877 [27 Pa.B. 688] The Pennsylvania Legislature recently passed and Governor Ridge signed a law that will begin to allow customers to choose their electric generation supplier by 1999, with all customers provided choice by 2001. The law also provides utilities with the opportunity to seek recovery of certain transition costs and to refinance some of their property, passing the savings associated with refinancing on to customers in the form of reduced rates.
On January 22, 1997, PECO Energy filed with the Pennsylvania Public Utility Commission (Commission) an application for approval to refinance approximately $3.6 billion of such property (plus associated costs of refinancing). Subject to Commission approval, this amount of refinancing will result in an estimated $95 million overall decrease in customer rates, or approximately 2.9%, depending on market interest rates at the time of refinancing. The monthly bill for a typical residential customer using 500 kWh would decrease by $1.93, or 2.7%.
For more information contact PECO Energy at 1 (800) 494-4000. Persons should contact the Commission at P. O. Box 3265, Harrisburg, PA 17105-3265 within 15 days of publication of this notice, referencing the above docket number, if they wish to file a complaint or participate in the proceedings regarding PECO Energy's application.
JOHN G. ALFORD,
Secretary[Pa.B. Doc. No. 97-163. Filed for public inspection January 31, 1997, 9:00 a.m.]
