PSE Requests Rate Increase

We always like to be conservative in our estimates of how fuel prices will escalate over time.

Then the utilities come and give our customers the worst case scenario. As reported on Business Wire:

In a separate filing today, PSE requested the UTC to initiate the 11-month review process to approve a moderate increase of an overall 2.2 percent in natural gas rates and 7.4 percent in electric rates for all customer groups. If approved by the UTC, effective April 1, 2010, a typical monthly household natural gas bill (based on 68 therms of natural gas) would increase 2.5 percent, or $2.40 from today’s rates. A typical monthly electricity bill (based on 1,000 kilowatt-hours of electricity) would increase 9.1 percent, or $8.23, from today’s rates.