Pascoag Utility Electric Customers to See Lower Rates in 2012Pascoag Utility District (PUD) is pleased to announce that effective January 1, 2012, the portion of its rates that comprise Standard Offer Service, Transmission Service and Transition Service will decrease from 10.486 cents/kWh to 9.167 cents/kWh. Standard Offer Service alone, which represents the cost of generation from our power supply contracts, is dropping from 7.064 cents/kWh to 5.657 cents/kWh. This significant reduction was achieved by PUD securing a very cost-effective supply arrangement that will be in place for the next three years. The reduction in rates was approved by the Rhode Island Public Utilities Commission (RI-PUC) at a public hearing held today, December 20, 2011. PUD very much appreciates the support of both RI-PUC and the Division of Public Utilities and Carriers in allowing PUD this rate reduction for its customers.
For a typical residential customer using 500 kWh, this change will result in a total decrease of $6.59 per month, or an 8.8% reduction. PUD is extremely pleased to deliver these savings to customers during such difficult economic times. Other customers using higher amounts of energy each month will enjoy proportionally greater savings.
In a related hearing, RI-PUC approved PUD’s 2012 Demand Side Management Program. This approval allows for a small charge on customers’ bills that is used to fund very important energy conservation and load reduction programs available to all of PUD’s customers.
PUD is the quasi-municipal, not-for-profit, public power entity which provides electric distribution services in the villages of Pascoag and Harrisville and water service in Pascoag. As a state chartered public utility district, PUD strives to bring the most reliable electric and water distribution services it can to its customers, at the lowest practical cost.
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Current News: Click here for full news stories »PUD Receives Reimbursement from FEMA/RI-EMAPascoag Utility District (PUD) is pleased to announce today that it will be receiving a check for $53,399.75 from FEMA/RI-EMA for reimbursement of costs related to PUDs recovery from the damage sustained to its system during Tropical Storm Irene.
For a small company such as PUD, with an operations budget of approximately $2.5 million annually, this reimbursement is a very significant contribution to the costs of the devastation caused by Irene.
PUD qualified for this reimbursement since it is a quasi-municipal, non-profit, public power entity owned by its customer membership. PUD was created as a public entity by state legislation in 2001 and before that was integrated with the Pascoag Fire District dating back to 1887. As a chartered utility district, PUD strives to bring the most reliable electric and water distribution services it can to its customer base, at the lowest practical cost. The above mentioned reimbursement goes a long way in allowing PUD to once again build up its storm reserve fund, and to continue to provide exceptional service to its customers.
PUD is very appreciative of the work both FEMA and RI-EMA staff provided as we worked through the reimbursement process. Michael Kirkwood General Manager
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