Resources

Virginia

In 2015, Dominion Energy won a rate freeze from state lawmakers to fund its expected compliance costs with the Clean Power Plan. When the Trump administration rolled those climate regulations back, Virginia customers ended up overpaying by $425 million, according to the Richmond Times-Dispatch.

Michigan

Coming Soon

Florida

Duke Energy/FPL in Florida: Duke Energy successfully negotiated an ROE band in Florida, that allows DEF’s a 1% ROE. Basically, allowing Duke to earn anywhere between 9.5% and 11 .5% before triggering a review of DEF’s base rates and charges. Historically ROE was set at 10.5%.

Additionally Duke was able to secure a guaranteed yearly increase in Rates of $67 million for 2019, 2020, and 2021. This effectively results in a 5% increase, year over year.

Missouri

Ameran in Missouri:

In Missouri, in 2016, Ameran tried to get formulaic rates and ROE banding to support their grid mod investments. They were hit with heavy pushback.

Relevant News Articles:

Quote from the Utility Dive:

Missouri Public Service Commission Staff Director Natelle Dietrich told the House committee that the new rate-setting procedure would be a “radical departure” from the status quo, potentially resulting in a 62% rate hike for residential customers over the next decade. Other large industrial customers could see rates go up from 50% to 90%, she said.”

Quote from the St. Louis Today:

A coalition of large electric users, including Nestlé-Purina, Doe Run, Ford, General Motors, Monsanto and Anheuser-Busch, also weighed in, saying the state should stick with its current system in order to best protect ratepayers.”

South Carolina

In  2005, the SC Legislature passed the Natural Gas Rate Stabilization Act.  This bill gave the gas utility the ability to increase rates simply by making a filing at the PSC to say its rates are not sufficient for the utility to earn its allowed ROE.  In other words, the legislation puts an end to gas rate cases entirely.

Since that legislation passed, there has not been a gas distribution rate case in SC.  

The Office of Regulatory Staff recently conducted a review of the law and recommended to the legislature that it be amended to improve transparency and limit the term in which the utility could go without having a rate case.