The proposed rider is regarding the unrecovered reliability investments, made since the rate case. The proposal partially covers the $196m reportedly spent on poles, wire, switches, substations, transmission towers and other improvements during that period, stated Stan Whiteford, the company spokesman.
Whiteford, said: “We’re trying to streamline that process. It doesn’t take the place of one (rate case), but it would likely postpone the time in which we have to do that.”
Whiteford estimated that if the proposal is approved, it would add $3.79 to the bill of an average customer using 1,000 kilowatt hours monthly. The company expects the approval by early 2010. The net effect on the customers would be approximately $2.40 by mid-2010.
According to the report A 64-cent average monthly rider for construction of peaker units last year would go off the bills in October. An another rider, costing 71 cents monthly to pay for purchase of a Lawton plant, drops off in the middle of 2010.
AEP-PSO’s $81.4m rate increase was approved by the Corporation Commission in January 2009.
