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The Illinois Commerce Commission released two rate case decisions in May, one for an electric utility and one for a natural gas local distribution company (LDC). In the electric rate docket, Mt. Carmel Public Utility Company had petitioned for $1.9 million in additional revenues, representing an overall increase of 16.75%. Although the commission assented to the entirety of the request, it did not agree to allocate the increase to all customer classes on a uniform across-the-board basis.
Although approving an increase in base rates for an electric cooperative, the Kentucky Public Service Commission acted to keep the revenue increase at the lowest level possible, by disallowing a portion of the costs of retirement, life insurance, health care, and dental benefits claimed by the co-op, Farmers Rural Electric Cooperative Corporation. The commission ruled that the smaller increase still would allow Farmers to meet its financial obligations, including satisfying the terms of its loan agreements.
In a settlement, Gulf Power Co. was permitted to raise its rates by $61.99 million. That compares to the $106 million for which the company had first petitioned.