Home customers of Tucson Electric will see a variable fuel charge rise about $10 a month for 12 months, after a decision by the Arizona Corporation Commission.
David Wichner Customers of Tucson Electric Power will see an average increase of nearly $10 per month on their home bills for the next 12 months, after state regulators decided to let TEP recover millions of dollars in excess costs for fuel and purchased power sooner, rather than later.
That will result in an average home bill increase of $7.47 from May through September and an average $11.57 increase from October through April. Commission Chairman Jim O’Connor and members Nick Myers and Kevin Thompson voted in favor of TEP’s request, as modified by the staff proposal, to allow the company to recover its undercollected fuel balance over 12 months.
“Having 24 months to balance out the undercollection allows a greater opportunity for ratepayers to pay their bills directly and enables eligible ratepayers time to seek and receive financial assistance to pay their bills while still allowing the company to receive what it is owed,” Diane Brown, executive director of AZPIRG, told the commission at a meeting continued from last week.
"Poverty is a multifaceted issue that is influenced by a wide range of factors, making it a complex problem that cannot be solved simply by working more hours, especially considering the never ending increases in the cost of living, including energy rates and stagnant wages,” she said. The commission staff estimated that, depending upon how fast TEP is allowed to collect the unrecovered costs, interest costs of more than $4.5 million could accrue.
Thompson said he didn’t want a growing undercollected balance in the fuel surcharge account to be shifted into base rates, where TEP could potentially earn a return on their costs. “But I think we could have handled this differently, whether as Mr. Myers mentioned, we dive in and look at perhaps reconstruction of this in the future, which I would be supportive of. I just think this is quite a burden, and we could have handled this as a one-off case,” Márquez Peterson said.
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