PSE seeks to raise electric, natural gas rates

October 5, 2010

By Staff

Puget Sound Energy has requested rate adjustments for natural gas and electric service.

The utility filed separate requests with the state Utilities and Transportation Commission to reduce credits for customer bills and a rate increase to help operate and maintain the natural gas system.

The credit adjustments should result in a slight rate increase — less than $2 per month on the average residential natural gas bill and less than $1 per month on the average residential electric bill. If the state approves the changes, the increases takes effect Nov. 1. PSE does not stand to make a profit on the adjustments.

The rate request aims to increase natural gas rates by 2.3 percent, effective Feb. 1. If the state approves the increase after a review, the change should increase a typical natural gas bill — based on 68 therms of average monthly usage during a year — by $2.08.

The credit adjustments include a Purchased Gas Adjustment increase, and a 1 percent increase in residential electric rates. The other involves a decrease in the federal power benefits passed through to PSE customers as a monthly bill credit under the Residential Exchange Program through the Bonneville Power Administration.

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