PUBLIC SERVICE
COMMISSION OF WEST VIRGINIA
CHARLESTON
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 THE POTOMAC EDISON COMPANY
15823