LEAC Timeline

Posted on Dec 21 2008

[B]Jan. 1
The new adjusted rate of $0.22989 will go into effect for three months.

Jan. 16 [/B] CUC must petition PUC for approval of the Commonwealth Development Authority stock transaction.

[B]Before Feb. 1[/B] CUC must report why it was unable to meet the renewable energy portfolio standard mandated by public law.

[B]March[/B] PUC will hold a regulatory session, during which the hearing examiner will conduct a public workshop.

[B]By March 13 [/B] CUC and Georgetown must develop and file a proposal for a new six-month rate which will go into effect April 1.

[B]April 1[/B] A new six-month LEAC rate will be implemented.

New adjusted power rate is 23 cents per kWh

Flashback Dec. 22, 1998-2000

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