Posted: Wednesday, March 9, 2016. 6:39 pm CST.
In its submission, BEL explained that it had fully returned all previous cost of power savings to customers. As a result, BEL requested an average Mean Electricity Rate (MER) of $0.3900 per kWh to improve service reliability and expand its service to over 200 communities.
The PUC’s Initial Decision proposes a $57 million reduction in BEL’s projected cash requirements over the next four years, resulting in a MER of $0.3643 per kWh.
The Company will review the details of the Initial Decision to determine which programs and services the PUC is proposing to cut in order to comply with this decision. BEL will formally respond to the PUC by March 22, 2016 as required by law.
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