miercoles, 20 de julio 2016
On May 27, 2016, the Puerto Rico Electric Power Authority (PREPA), a public corporation and instrumentality of the Government of the Commonwealth of Puerto Rico, submitted a formal application (Petition) to the Puerto Rico Energy Commission (Commission) proposing new rates for electric service. On July 15, 2016, the Commission issued a Resolution and Order deeming the Petition complete.
PREPA’s Petition proposes to update its electric service rates, amend their design, implement a formula rate mechanism to annually adjust its rates and avoid under or over recovery, and improve the stability and transparency of its rates. PREPA’s Petition seeks a rate increase to cover an estimated $222 million in additional revenues required to continue its operation. PREPA’s Petition proposes an average increase of 9.5% for Residential Customers and 4.5% for Commercial and Industrial Customers, when compared to current rates.
PREPA also requested the Commission to approve provisional (temporary) rates for PREPA. On June 27, 2016 the Commission approved a provisional (temporary) uniform base rate increase of 1.299 ¢/kWh across all customer classes. The rates ultimately authorized by the Commission may differ from the provisional (temporary) rates.
Pursuant to its authority under the Energy Transformation and RELIEF Act, as amended, (Act 57-2014), Regulation No. 8543, known as the Regulation on Adjudicative, Notice of Noncompliance, Rate Review and Investigation Proceedings, and Regulation No. 8720, New Regulation on Rate Filing Requirements for the Puerto Rico Electric Power Authority’s First Rate Case, the Commission has initiated an adjudicative proceeding to review PREPA’s Petition. The purpose of this proceeding is for the Commission to review PREPA’s rates to ensure they are just and reasonable, evaluate PREPA’s performance and promote sound fiscal and operational practices which result in an adequate service at the lowest reasonable cost.
Any person desiring to intervene in this proceeding must submit to the Puerto Rico Energy Commission a petition to intervene, in accordance with Section 5.05 of Regulation No. 8543, the provisions of Act No. 170 of August 12, 1988, as amended, known as the Uniform Administrative Procedure Act, and the interpretive case law. The term during which petitions to intervene may be filed begins on August 1st, 2016 and ends on August 5th, 2016, at 4:30p.m. Parties seeking intervention are urged to review the Commission’s Resolution and Order of July [ ], 2016 and familiarize themselves with PREPA’s Petition. All documents are accessible through the Commission website (www.energia.pr.gov). Should you require any assistance, you may contact the Commission via email (email@example.com) or by calling the following number 787-523-6231.
Upon receiving the requests for intervention, the Commission will evaluate them and issue an order granting or denying the petitions to intervene. Such order will also establish a schedule for (1) public technical hearings at which expert witnesses shall testify before the Commission and (2) public citizen hearings at which members of the public may state their views to the Commission.
More detailed information about PREPA may be found at www.prepa.com and more detail about the Commission may be found at www. energia.pr.gov.
APROBADO POR LA COMISION ESTATAL DE ELECCIONES CEE-SA-16-11610
Click aquí para ver documento PREPA SUBMITS FORMAL APPLICATION FOR REVIEW OF RATES en formato PDF. Necesita tener "Adobe Acrobat Reader" instalado.