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Commission Staff Sign Settlements for PacifiCorp and PGE Rate Cases

 

July 11, 2013 (2013-08)

Contacts:  Susan Ackerman, Chair, 503 378-6611, Stephen Bloom, Commissioner, 503 378-6611, John Savage, Commissioner, 503 378-6611, Bob Valdez, Public Affairs Specialist, 503 378-8962 
 
Salem, OR.  Settlement documents were filed Wednesday in connection with the general rate case requests for PacifiCorp and Portland General Electric (PGE).
 
The settlements filed and signed by Commission staff and parties to the rate cases are subject to review and final approval by the three-member Commission.
 
Under the settlement for PacifiCorp:
 
PacifiCorp filed for a $56 million increase to revenue requirement which would be a 4.6% overall increase.  As a result of the all-party stipulations, the PacifiCorp revenue requirement request is reduced to an increase of roughly $23.7 million or an overall increase of 1.9%, with new rates effective January 1, 2014.  These numbers cover both the general rate case filing UE 263 and the filing to revise depreciation rates (UM 1647).
 
The rate impacts are projected to be:
 
·          1.55% for residential
·          2.32% on average overall for commercial and industrial
 
PacifiCorp also agrees it will not file a new rate case filing until at least early 2015 and the earliest new rates could be effective is January 1, 2016.  However, rates are expected to increase later in 2014 to account for the major new electrical generating resource Lakeside coming on line and producing electricity.  If Lakeside is not on line by 60 days after June 30, 2014, then PacifiCorp must make a rate filing to add the plant to rates.
 
PacifiCorp’s filing related to variable power costs are not part of the all-party settlements.
 
Link to order:
 
 
Under the settlement for PGE:
 
PGE filed for a $105 million increase to revenue requirement which would be a 6.2% overall increase.  As a result of the partial stipulations, the PGE revenue requirement request is reduced to an increase of roughly $60 million or an overall increase of 3.6%, with new rates effective January 1, 2014.  These are approximate numbers covering both the general rate case filing UE 262 and the power cost filing UE 266. The exact amount of increase will be finalized late in 2013 as the agreement results are updated.
 
The rate impacts are projected to be:
 
·          5.1% for residential
·          3.1% on average overall for commercial and industrial
 
Pension related costs, changes to PGE’s direct access program, parts of the decoupling mechanism, and three street light related issues are not part of the settlement. 
 
 
The Oregon Public Utility Commission regulates and sets fair, just and reasonable rates for investor-owned electric, natural gas, water and telecommunications companies.
 
 
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