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PE seeks 17.7 percent electric rate hike in 344 million hit
Philadelphia Electric Co asks the Pennsylvania PUC to raise electric rates 17.7 percent, adding about 9 to a typical 500 kWh monthly bill to $51.83. The request follows a prior 187.6 million hike and cites inflation and plant construction at Limerick, Eddystone, and Cromby. A consumer-group official opposes funding the Limerick plant before operation, while PE cites higher costs and weaker debt ratings as reasons for the increase. The proposed effective date is Sept 27 1981 with a possible April 1982 final decision.
MENTIONED IN THIS ARTICLE
Daily Times
Philadelphia Electric Co
Pennsylvania Public Utility Commission
Limerick
Eddystone
Cromby
Lee Frissell
Consumers Education and Protective Association
Philadelphia
Frissell
Joseph F. Paquette
Paquette
PUC