SCE Customer Bills to Decrease in January
18 December 2015 - 8:28AM
Business Wire
Following a 2-percent decrease in November, an average Southern
California Edison customer’s bill will go down another 6 percent in
January.
The California Public Utilities Commission today approved SCE’s
2016 costs for energy sources the utility needs to supply
electricity, which is the main factor in January’s rate decrease.
These costs are approved annually. SCE generates about 20 percent
of its own power and buys the rest through contracts and short-term
markets.
“Southern California Edison is working hard to keep rates
reasonable for our customers,” SCE President Pedro Pizarro said.
“With lower prices forecast over the coming months for energy
sources that provide electricity, we’re able to reduce customer
bills.”
Part of the January reduction is the implementation of a
settlement with Nuclear Electric Insurance Limited for the San
Onofre outages caused by the failures of replacement steam
generators. SCE’s customers’ share of the settlement is $312.8
million.
SCE’s residential customers will benefit next year through
increases in the twice yearly climate credits on their April and
October bills — those credits are increasing from $29 twice a year
to $38 twice a year.
In late November, an average customer’s bill decreased about 2
percent because of the commission’s Oct. 22 approval of the 2015
costs for energy sources.
Another rate change taking effect on Jan. 1 is the commission’s
decision authorizing recovery of costs reviewed in SCE’s General
Rate Case, which includes inspecting, repairing and replacing
infrastructure that will make it easier to restore power after an
emergency outage in the future. It also funds the people SCE
employs, such as the workers who climb the poles to restore
electric service in storms and answer customer service calls.
Every three years, the commission reviews a request from SCE for
the next three-year spending cycle.
The General Rate Case makes up more than 40 percent of rates for
the nearly 14 million people SCE serves. About half of customer
rates comes from the cost of energy sources for power. The
remaining portion comes from a variety of other factors, such as
large transmission projects regulated by the Federal Energy
Regulatory Commission and programs for energy efficiency and to
protect low-income customers.
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About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California
Edison is one of the nation’s largest electric utilities, serving a
population of nearly 14 million via 5 million customer accounts in
a 50,000-square-mile service area within Central, Coastal and
Southern California.
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Media Contact:Southern California EdisonLauren Bartlett,
626-302-2255
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