Public Service Commission (PSC) to approve a rate settlement that includes a proposal for a retail wheeling pilot program, "PowerPick" (Case 95-E-0491).
PowerPick would allow certain large industrial customers to choose their electric suppliers starting June 1, 1996. All other customer classes would be eligible to participate as of January 1, 1997; however, residential participation will be capped at 1,500 customers. Further, to meet minimum load requirements, all participants must consume at least 40 Mw of offpeak load. Industrial price savings of 10 percent or more would be shared between the customer and O&R. The utility's share would be used to defray stranded costs.