PPL gets its way, customers will see another rate hike next year. With the expiration of PPL's rate caps, the price of electricity jumped on January 1, especially for the three-quarters of the utility's customers who have not switched to another supplier. The company is quick to point out that it makes no money on those generation charges, which directly reflect what it pays for electricity. "> PPL gets its way, customers will see another rate hike next year. With the expiration of PPL's rate caps, the price of electricity jumped on January 1, especially for the three-quarters of the utility's customers who have not switched to another supplier. The company is quick to point out that it makes no money on those generation charges, which directly reflect what it pays for electricity. "> PPL gets its way, customers will see another rate hike next year. With the expiration of PPL's rate caps, the price of electricity jumped on January 1, especially for the three-quarters of the utility's customers who have not switched to another supplier. The company is quick to point out that it makes no money on those generation charges, which directly reflect what it pays for electricity. "> PPL to seek rate hike for 2011 | News | witf.org
News

PPL to seek rate hike for 2011

Written by Casey Houtz | Mar 3, 2010 8:33 AM

(Allentown) -- If PPL gets its way, customers will see another rate hike next year. With the expiration of PPL's rate caps, the price of electricity jumped on January 1, especially for the three-quarters of the utility's customers who have not switched to another supplier. The company is quick to point out that it makes no money on those generation charges, which directly reflect what it pays for electricity. That's why, spokesman Ryan Hill says, PPL will seek regulatory approval to raise distribution charges. That's the portion of customer bills that can be used to pay for recent upgrades to lines and equipment. "By the time there would be a decision on this rate request late this year, we will have invested about $727 million in improvements that we haven't recovered a penny of yet," he says. "We can't begin to recover that without approval of a rate increase." Hill says the company has not decided exactly how much of a hike it will ask for when it submits a request later this month to the state Public Utility Commission. He adds the company is already seeing lower generation prices for 2011, noting they could offset the distribution hike for some customers.

Published in News

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

Grave 43: Remembering Pony

Real Life Real Issues

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »