Brief: Deferred energy measure approved by PUC

Commissioners authorized "base tariff energy rates" and reduced "deferred energy accounting adjustment credits." These reflect increased fuel and purchased energy costs.

Utilities are allowed to increase rates to cover higher fuel costs. They can also raise rates for energy that is purchased from other companies to cover peak loads. Once approved by the PUC, the extra revenue is posted in a deferred account until the company applies for a new rate.

The action approved by commissioners this week is from a case that began in 1996 and was delayed by a series of procedural actions.

When Nevada Power files for a new rate later this year in preparation for a new competitive environment, the $1.2 million recovery will be readdressed.

archive