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PPL lowers expected rate increase: Typical residential customer using 1,000 kilowatt hours a month will pay $4.73 more rather than $6.60.
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Times Leader (Wilkes-Barre, PA)
- Article date:
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August 31, 2007
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Copyright informationCOPYRIGHT 2007 The Times Leader. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jerry Lynott
Aug. 31--Rates for residential customers of PPL Electric Utilities will likely increase next year, but at a lower rate than initially sought by the region's largest supplier of electric power.
Under the terms of a settlement announced Thursday, the utility agreed to hike its distribution rate by $55 million a year, down from the nearly $84 million asked for in March in a filing with Pennsylvania Public Utility Commission.
The settlement, which will increase the utility's funding of programs for low-income customers and cover the utility's cost of maintaining and improving 44,000 miles of distribution lines, must still be approved by the PUC.
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