Puget Sound Energy filed a request with state regulators Wednesday to lower monthly electric bills by passing through a higher amount of the federal energy exchange credit for residential and small farm customers.<\/p>\n<\/p>\n
If the request is approved by the state\u2019s Utilities and Transportation Commission, PSE residential customers using an average of 1,000 kilowatt hours (kWh) of electricity a month can expect a nearly 6 percent reduction in their monthly bills for one year, from June 2014 through May 2015, according to a PSE media release. That\u2019s a drop of $5.89, which would take the average monthly statement from about $99 down to roughly $93.<\/p>\n<\/p>\n
The increased credit, made under an agreement between the Bonneville Power Administration (BPA) and PSE, passes through a nearly $63 million payment for PSE customers from the federal Columbia River benefits supplied by BPA.<\/p>\n<\/p>\n
The payment trues up the full amount owed to PSE customers of the residential and farm exchange benefits established under the 2008 Residential Exchange Interim Relief and Standstill Agreements.<\/p>\n<\/p>\n
BPA has provided the residential exchange credit since 1981 to customers of investor-owned utilities under the Northwest Power Act of 1980, which requires the sharing of federal power benefits with all residential and small farm customers in the region.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Puget Sound Energy filed a request with state regulators Wednesday to lower monthly electric bills by passing through a higher amount of the federal energy exchange credit for residential and small farm customers.<\/p>\n","protected":false},"author":106,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yst_prominent_words":[],"class_list":["post-5815","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/5815"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=5815"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/5815\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=5815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=5815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=5815"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=5815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}