Last week we told you about the decision of the Public Utilities Commission to lower light bills by a little more than one cent. Still, the PUC decision puts the rate at a few cents higher than BEL had proposed. Now, when it comes to bills, you know every cent counts, and today at a press conference, the Chairman of the PUC explained why their figures don't always match with BEL's:..
John Avery, Chairman - PUC
"I can't tell you the exact reason why B.E.L. came up with forty-three cents, but I mean every time, it is just like in December, B.E.L. recommended a three cents reduction. After we did our calculations and put it in our thing, we came up with forty-four point six five; so we were one cents lower than them. This time, they recommended forty-three cents, we apply our methodology consistently as we do every time and we came up with forty-three point four-seven. Now, as I said, if you look at what we did, we basically reduced everything they projected, yet we still came up with a higher figure than them. I can't say how they came up with forty-three; all I can tell you is that the forty-three point four-seven is based on our methodology that we try to apply consistently."
You have until May 12th. to submit your comments to the PUC on this Annual review Proceeding. If no substantial objections are received, the new rates go into effect on July first.
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