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SFPUC advances cost-based retail electric rate proposal for redevelopment areas including Hunters Point
Summary
The commission reviewed an independent cost-of-service study and a staff proposal to offer tiered, cost-based retail electric rates for redevelopment areas; staff says proposed rates would be about 10% below PG&E and include a green-power fund, low-income discounts and a rate stabilization reserve.
The San Francisco Public Utilities Commission on Jan. 11 reviewed and advanced a staff proposal, grounded in an independent cost-of-service study, to set retail electric rates for redevelopment areas including Hunters Point.
The study, presented by consultant Frank Perdue, estimated the power enterprise’s average cost of service at roughly $95 million over the study period, or about 9 cents per kilowatt-hour. Perdue and staff identified a residential proposal with a $4 monthly customer charge and a three‑tier energy structure intended both to promote conservation and to stabilize revenue.
Charles Pearl, deputy chief financial officer, said the staff plan layers additional policy elements on top…
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