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» General » General Discussion » PSO files to increase fuel factor

PSO files to increase fuel factor

Last post 05-16-2008, 12:31 PM by Tega. 8 replies.
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  •  05-16-2008, 10:07 AM 3011467

    PSO files to increase fuel factor

    If you guys have questions about this I will answer them. Just promise not to kill the messenger! LOL

  •  05-16-2008, 11:10 AM 3011724 in reply to 3011467

    Re: PSO files to increase fuel factor

    LOL, it's not going to effect me to much, I have 4 big Solar Panels I am bringing down next month, that will cut my bill. Besides the only gas in My apt is me.

  •  05-16-2008, 11:15 AM 3011742 in reply to 3011724

    Re: PSO files to increase fuel factor

    How much will the increase be per month?

  •  05-16-2008, 11:15 AM 3011746 in reply to 3011467

    Re: PSO files to increase fuel factor

    So does this make 4 or 5 rate increases sofar this year?

    - Rate increase to cover AEP bad investments on plants that werent built,
    - Rate "adjustment" for 5 years to cover profits lost during the ice storm,
    - Rate increase to cover the expense of public energy conservation programs,
    - and this this one.  Is there another I left out?

    A rate increase on the average of one a month should be ringing some alarm bells somewhere, but apparently not with our Corporation Commission.

  •  05-16-2008, 11:34 AM 3011824 in reply to 3011724

    Re: PSO files to increase fuel factor

    The number of kilowatt hours (kwh) of energy you use multiplied by the fuel rate per kwh. This charge covers the COST OF FUEL used to generate your electricity. That is the cost of natural gas used to create electricity. We are allowed to pass the charge from the gas company on to the customer but not allowed to make a profit from that charge. So, as the gas company raises the price, it effects your bill as well.

  •  05-16-2008, 11:35 AM 3011830 in reply to 3011746

    Re: PSO files to increase fuel factor

    Until the recent raises it was the first in 10 years. The CC doesn't always approve it for the amount asked.

  •  05-16-2008, 11:38 AM 3011840 in reply to 3011742

    Re: PSO files to increase fuel factor

    If the proposed change in the FCA is approved, residential customers who use 1,000 kilowatt-hours (kWh) a month would expect to see the fuel cost portion of their bills increase by approximately 40 percent, or an additional $17.50 per month. Increases in the fuel cost portion of the bills of other customer classes will range from 40 percent to 48 percent. Actual impact on the electric bill will vary from person to person. Just like at the fuel pump, the gas companies can raise the rates on natural gas. Since this is one of the resources that we use to generate electricity, we are stuck paying it.

  •  05-16-2008, 12:11 PM 3011968 in reply to 3011840

    Re: PSO files to increase fuel factor

    Are they still going after raising the cost of putting in underground lines to?

  •  05-16-2008, 12:31 PM 3012042 in reply to 3011968

    Re: PSO files to increase fuel factor

    Anything they ask for has to be approved. Sometimes it takes a while. I haven't heard any retractions yet.
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