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The West Virginia Public Service Commission (PSC), on rehearing of an earlier rate order, has reduced the level of emissions control investment in rates for two electric operating subsidiaries of Allegheny Power System, Inc., Potomac Edison Co. and Monongahela Power Co. The PSC excluded one-half of the difference between amounts actually spent and those budgeted for emissions plant needed to comply with the Clean Air Act Amendments (CAAA), finding that the budget was nearly a year old and did not qualify as a "known and measurable" change in rate base. It permitted deferral of the earnings on the balance, subject to a prospective true-up in a future proceeding. It also excluded projected investment in low NOx burners that would not be complete until mid-1995, as well as post-test-period non-CAAA pollution control investment. The PSC concluded that the utilities' financial condition did not warrant extraordinary regulatory measures for the excluded plant. Re Potomac Edison Co., et al., Case No. 94-0027-E-42T, et al., Mar. 17, 1995 (W.Va.P.S.C.).

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