Penn Power Asks for 10-Year Rate Plan
Pennsylvania Power Co. (PP) has asked the Pennsylvania Public Utilities Commission (PUC) to approve a 10-year "Rate Stability and Economic Development Plan," which includes a freeze on electric rates until May 1, 2006; enhanced customer assistance programs; rate incentives; and reduction of fixed costs and regulatory assets.
Rates would not be affected by future PP decisions on new generating capacity, removing or retiring generating facilities from service, or bulk-power purchases.