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Consumer Advocate witness recommends 3‑year normalization, rejects inflation add‑backs for most costs
Summary
The Consumer Advocate’s witness, Mr. McGrice, told the PUC he reviewed Young Brothers’ proposed 2025 test‑year revenue requirement and recommended 3‑year historical normalization for many non‑labor costs rather than a 5‑year average or an inflation add‑back.
The Consumer Advocate’s witness, Mr. McGrice, told the Public Utilities Commission he reviewed Young Brothers’ proposed 2025 test‑year revenue requirement and recommended adjustments using a 3‑year historical average for many non‑labor operating expenses.
"The scope of my direct testimony is to review Young Brothers overall revenue requirement proposal, which relate to rate based valuation, operating revenues, operating expenses, and associated depreciation, amortization, and the flow through of taxes to set rates for service going forward," Mr. McGrice testified.
McGrice said he used a 3‑year average (2022–2024) rather than a 5‑year average because the five‑year span includes 2020–2021 — pandemic years he described as abnormal and potentially skewing…
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