As of Friday, June 13, 2014
The Washington Utilities and Transportation Commission (UTC) has approved a $13 million one-time credit to Pacific Power & Light Company customers.
For an average residential electric customer, this will amount to a one-time credit of approximately $45. The credit will appear on electric bills starting June 20.
The customer credit is the result of a dispute settlement over the revenues from the sale of Renewable Energy Credits (RECs) between January 2009 and April 2011.
These RECs are a product of the generation from Pacific Power’s renewable resources, such as wind farms. The settlement resolves Pacific Power’s pending appeal of an earlier UTC decision addressing the appropriate rate-making treatment of these revenues.
The parties signing the settlement are the commission, Pacific Power and the Industrial Customers of Northwest Utilities. The other party, the Public Counsel Section of the Attorney General’s Office, did not oppose the settlement.