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Settlement in Progress in Potomac Edison/Mon Power Rate Case

10/27/2014

7 Comments

 
If you were looking forward to watching the PSC evidentiary hearing via the Commission's webcast like I mentioned on the radio last week, change of plans.

There won't be an evidentiary hearing. 

As I also mentioned, there will be a rate increase.  It's only a matter of how much.  The Staff of the Public Service Commission, your Consumer Advocate, Wal-Mart and the Energy Users Group have reached a settlement with FirstEnergy "in principle."  The exact amount of our rate increase is still under wraps.

If FirstEnergy is settling, it probably means us ratepayers are gong to take it in the... wallet.
7 Comments
Schemetlement
10/28/2014 08:07:19 am

I hope this doesn't give our intrepid blogger any ideas in her own case! It wouldn't be the first blogger to give up in the last few days. I allow FERC's eLibrary to host my own blog so don't have much room to talk.

Reply
Keryn
10/28/2014 08:52:21 am

Less hosting fees that way...

Reply
Pam
10/28/2014 11:20:35 pm

I knew all along they would get a rate increase. They don't care about the consumers who can't afford to pay anymore for anything.

Reply
Keryn
10/29/2014 02:32:27 am

It's all about the health and well-being of the utility in WV! Word is that the settlement will be unveiled on Nov. 7. Looking at a lot of different factors, that could mean it's not the slam dunk FirstEnergy wanted, but still a rate increase none-the-less, but that was always inevitable. Just like PATH, we can give up and accept it, or we can stand up and fight. I always prefer the latter, because the former is admitting defeat.

Reply
kf
10/30/2014 09:11:18 am

Jackie Roberts is Byron reincarnate. IMO SCARED to go to trial. settle with someone elses money

Reply
Pam
10/31/2014 12:34:01 am

As long as I am a resident of WV, I will always stand up and fight them.

Reply
Keryn
10/31/2014 01:47:32 am

That's what I like about you, Pam! :-)

Reply



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    About the Author

    Keryn Newman blogs here at StopPATH WV about energy issues, transmission policy, misguided regulation, our greedy energy companies and their corporate spin.
    In 2008, AEP & Allegheny Energy's PATH joint venture used their transmission line routing etch-a-sketch to draw a 765kV line across the street from her house. Oooops! And the rest is history.

    About
    StopPATH Blog

    StopPATH Blog began as a forum for information and opinion about the PATH transmission project.  The PATH project was abandoned in 2012, however, this blog was not.

    StopPATH Blog continues to bring you energy policy news and opinion from a consumer's point of view.  If it's sometimes snarky and oftentimes irreverent, just remember that the truth isn't pretty.  People come here because they want the truth, instead of the usual dreadful lies this industry continues to tell itself.  If you keep reading, I'll keep writing.


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