copyright the Chronicle June 15, 2016
by Elizabeth Trail
BARTON VILLAGE— The long-running story of Barton Electric’s rate case is drawing to a close, with the 21 percent rate increase the village had asked for whittled down to 16.7 percent.
Customers will be credited on future bills for the extra they have paid. An 18 percent increase went into effect last December. By law, electric utilities are allowed to raise their rates while their cases are being considered by the Public Service Board (PSB), as long as they refund any overpayments.
In a proposed decision dated May 23, the PSB disallowed several of the expenses that Barton Electric had taken into account in its request for the higher rate.
In particular, the electric department will not be allowed to recover the interest paid on the $285,000 in bond proceeds that got mixed into Barton Electric’s operating costs at some point in the past.
Barton Electric was given until May 7 to reply to the PSB…To read the rest of this article, and all the Chronicle‘s stories, subscribe:
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