20 March RCA Approves Interim & Refundable Rate Increase March 20, 2017 By SuperUser Account General 0 RCA Approves Interim & Refundable Rate Increase Attached Files MLP_Interim_Rate_Bill_Insert_2017 376.37 KB Related RCA Approves Interim Rate Increase RCA Approves Interim Rate Increase Effective February 15, 2017, the RCA approved an interim and refundable rate increase, which results in about a 19% increase to the average customer’s monthly bill RCA issues ruling on ML&P rate case, sets permanent rate and finds construction of Plant 2A to be prudent The Regulatory Commission of Alaska (RCA) recently approved Municipal Light & Power’s 2015 test year rate case and set the permanent rate increase of 37.32 percent for the Energy Charge (cost per kWh used). The permanent rate replaces the interim and refundable rate increase of 37.3 percent, which the RCA ordered in February 2017. ML&P filed the request for a permanent rate increase in December 2016 to pay for the utility’s investment in Plant 2A, which replaced aging equipment, including four units that exceeded their 35-year design lives. Municipal Light & Power 2016 proposed rate increase Municipal Light & Power 2016 proposed rate increase RCA Issues Final Ruling on 2011 Test Year Rate Case, ML&P to Issue Partial Refund Municipal Light & Power today began issuing customers a partial rate refund with approval of the Regulatory Commission of Alaska. Refunds to existing customers will be issued in the form of a payment credit on customer accounts. The payment credit will be reflected in the August billing cycle. ML&P announces decrease in COPA rate and 28% decrease in the average monthly bill due to Plant 2A Municipal Light & Power’s 2018 second quarter filing with the Regulatory Commission of Alaska will decrease the Cost of Power Adjustment rate to $0.01024 per kWh, effective April 1, 2018 (including prior period adjustments). With this filing, ML&P’s COPA rate will be the lowest it has been since 2012. ML&P’s COPA rate has declined since 2017 due to fuel cost reductions associated with highly-efficient units at Plant 2A. This decrease has resulted in 28 percent savings or $36.25 on the overall monthly bill for the average ML&P residential customer consuming 550 kWh per month. (Calculation based on second quarter 2017 average ML&P residential customer bill and second quarter 2018 average ML&P residential customer bill.) New General Manager: Mayor Sullivan Appoints James A. Trent as ML&P General Manager Mayor Dan Sullivan has appointed James A. Trent as the new general manager of Municipal Light & Power, replacing former manager James M. Posey who retired in December. MOA Chief of Staff Dan Kendall has been the acting interim general manager. Trent begins work on Monday, April 7, 2014. Comments are closed.