PEG Files PBR Testimony for Puget Sound Energy in Washington
Dr. Lowry Proposes Demand Response and Electric Vehicle Incentives
Gas and electric utilities in Washington are now required by law to propose performance-based ratemaking (“PBR”) with their general rate cases. Each proposal must include a multiyear rate plan, performance metrics, and performance incentive mechanisms (“PIMs”). Puget Sound Energy, Washington’s largest provider of retail gas and electric services, filed a PBR proposal for these services on January 31st. A team from Pacific Economics Group helped the Company develop its proposal. Mark Newton Lowry, the President of PEG, submitted testimony that detailed the Company’s metric and PIM proposal and included a white paper on PBR. PIMs are proposed that encourage demand response and managed electric vehicle loads. A copy of his evidence is accessible here.
