PUBLIC SERVICE COMMISSION
OF WEST VIRGINIA
CASE NO. 23-0735-E-ENEC
MONONGAHELA POWER COMPANY and,
THE POTOMAC EDISON COMPANY
Petition and General Investigation to determine reasonable rates and charges on and after
January 1, 2024.
NOTICE OF FILING AND HEARING
On August 31, 2023, Monongahela Power Company and The Potomac Edison Company (collectively, Companies) requested that the Commission initiate its annual review of Expanded Net Energy Costs (ENEC), including a review of actual costs and recoveries for the review period of July 1, 2022 through June 30, 2023, and to establish new rates to go into effect on January 1, 2024. The Companies request that the Commission approve rates that will result in a projected total annual revenue of $167,465,330. This requested increase is less than the calculated increase of $243,032,313 which includes a deferred ENEC under-recovery balance of $267,004,039 as of June 30, 2023, and a projected $19,913,811 over-recovery for the 2024 forecasted effective rate period. The Companies derived the requested $167.47 million by taking the actual under-recovery balance of $267,465,330 and subtracting $91,898,347, the amount deferred from the last ENEC filing, Case No. 22-0793-E-ENEC and dividing the balance by half. In other words, the Companies propose to recover the $91.9 million deferred from the last ENEC case and half of the present under recovery. The Companies request a four percent carrying charge for the remaining $75,566,983.
The proposed ENEC rates represent a 9.9% increase in total rates with an impact to the average residential customer using 1,000 kWhs per month being an increase in monthly bills from $120.20 to $129.39 or 7.8%.
This matter is scheduled for an evidentiary hearing on Thursday November 30, 2023. The hearing will begin at 9:30 a.m. in the Howard M. Cunningham Hearing Room at the Public Service Commission, 201 Brooks Street, Charleston, West Virginia. The Commission may cancel the evidentiary hearing for good cause shown. Interested persons intending to attend the hearing should monitor the Commission web docket.
Anyone desiring to intervene should file a written petition to intervene not later than November 9, 2023. All petitions to intervene should briefly state the reason for the request to intervene and comply with the rules on intervention set forth in the Commission’s Rules of Practice and Procedure. The Commission will receive public comments until the beginning of the hearing. All written comments and petitions to intervene should state the case name and number and be addressed to Karen Buckley, Executive Secretary, P.O. Box 812, Charleston, West Virginia 25323. Public Comments may also be filed online at http://www.psc.state.wv.us/scripts/onlinecomments/default.cfm by clicking the “Formal Case” link.
MONONGAHELA POWER COMPANY and
1c THE POTOMAC EDISON COMPANY