PSE customers to receive a renewable energy credit
January 1, 2011
NEW — 8 a.m. Jan. 1, 2011
Puget Sound Energy customers start to receive a small credit on monthly bills in January, because the utility has received a renewable energy tax grant for generating wind power.
The state Utilities and Transportation Commission allowed PSE to credit customers $8.8 million after the company received a grant from the U.S. Treasury Department for building wind-generating facilities.
The average residential customer using 1,000 kilowatt-hours of electricity per month should see a monthly credit of 44 cents for a total credit of about $5 in 2011. The credit is to be adjusted annually based on the Treasury grant balance and is to remain in place until 2021.
PSE received the federal grant for expanding the Wild Horse wind project outside of Ellensburg.
The state Utilities and Transportation Commission followed a staff recommendation Thursday to allow the credit to be passed on to consumers.
Bellevue-based PSE serves more than 1 million electric customers and almost 750,000 natural gas customers in Western Washington, including Issaquah.