With its goal of better explaining the alphabet soup in one\u2019s power bill, utility regulators will rename the levelized adjustment clause, or LEAC rate.<\/p>\n
The Commonwealth Public Utilities Commission ordered yesterday by unanimous vote, among others, to change the \u201cLEAC\u201d to the \u201cfuel adjustment charge,\u201d or FAC.<\/p>\n
This after the Commonwealth Utilities Corp. requested the change out of reported puzzlement and questions from customers.<\/p>\n
According to written testimony from CUC consultant Robert Young, one of these questions was, \u201cWhat is this leak (sic) charge on my bill, I do not have any electric leaks!\u201d<\/p>\n
CPUC chair Joseph Guerrero said after considering both CUC reports on customer confusion as well as their own consultants\u2019 opposition to the name change, he thought it \u201cwise to support changing the name\u201d of the rate.<\/p>\n
\u201cFuel is the primary drive of this charge\u201d and the others that make up the charge are \u201cnominal,\u201d he said.<\/p>\n
CUC counsel James Sirok reported that about 95 percent of the fuel adjustment charge relates to fuel.<\/p>\n
In addition to this order, CPUC also extended the utility\u2019s authority to make adjustments to this charge.<\/p>\n
As they have done over the last year, CUC will continue to adjust the fuel adjustment charge in the event that oil prices drop or rise. If this change equals or exceeds a 4.5 difference in CUC\u2019s average per gallon cost of fuel, CUC can adjust the charge to reflect the higher or lower prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
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