Duquesne Light seeks to raise home rates by 4 percent, give one-time credit of $25
Duquesne Light Co. wants to increase electricity rates for average residential customers by 4.44 percent, or about $4 more per month, documents filed Friday with state regulators show.
If approved, the new rates could take effect Dec. 29.
Commercial customers would see an increase of 1.98 percent, or about $20 more per month, and industrial users would see their rates go up by 1.5 percent, or about $365 more per month.
The utility company also plans to pass along $24 million in federal tax savings in the form of one-time credits to customers’ bills, according to the proposed settlement filed with the Pennsylvania Public Utility Commission.
The typical residential customer, using about 600 kilowatt-hours of electricity per month would get a one-time bill credit of about $25 in January.
The proposal must be approved by the PUC, which regulates privately owned utilities statewide.
Duquesne Light, which serves some of Western Pennsylvania, says it plans to spend the increased revenue on distribution infrastructure and technology needed to keep service affordable and allow for “continued growth.”
“As proposed, this settlement would support DLC’s commitment to better serving our customers while delivering a reliable, affordable and safe source of electricity,” Duquesne Light CEO and President Rich Riazzi said in a statement. “It will help us to improve our electric distribution system, integrate renewables and maintain one of the most reliable grids in the state.”
In April, Duquesne Light had asked state regulators to approve a 9 percent rate increase on residential customers.
The utility company has nearly 1,500 employees and 600,000 customers. It says that from 2013 to 2017, it invested nearly $1 billion in infrastructure and technology upgrades to its distribution system. It planned to spend about $265 million this year.
Natasha Lindstrom is a Tribune-Review staff writer. You can contact Natasha at 412-380-8514, [email protected] or via Twitter @NewsNatasha.