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PUC Finalizes Rule, Policy On Electric Default Service
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The Public Utility Commission Thursday approved a final rulemaking and policy statement on default service electricity service, which brings the PUC's regulations and policy statements in line with the requirements of Act 129 of 2008.
The Commission voted 5-0 on a motion by Commission Vice Chairman John F. Coleman Jr. to adopt the final changes to its default service regulations. In separate action, the Commission voted 5-0 to finalize a policy statement also related to default service electricity service.
The final default service rulemaking amends the following areas of the regulations: Provider obligations; Service programs and periods of service; Procurement and implementation plans; Rate design and the recovery of reasonable costs; and Commission review of default service program and rates.
The rulemaking now goes to the state's Independent Regulatory Review Commission for consideration.
The final policy statement revisions add certain definitions, address electric generation supply procurement and alternative energy portfolio standards. It also called for the default service provider to procure electric generation supply for default service customers in compliance with Act 129, which requires that default service be purchased at the lowest cost to consumer over the long term.
On October 15, 2008, House Bill 2200 was signed into law as Act 129 of 2008. The Act adds several new sections to, and amends several existing sections of, the Public Utility Code. In order to comply with the Act in an orderly and efficient manner, the Commission will implement the Act in phases that include energy efficiency and conservation programs; smart meter technology; time-of-use rates; real-time pricing plans; market misconduct; and cost recovery.
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9/26/2011 |
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