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GPA proposes LIEAC cut; PUC hears update on expected bill reductions
Summary
GPA reported a proposed LIEAC reduction from about 0.266 to 0.208 (20.8¢), projecting roughly a 13–15% reduction in total residential bills if oil prices remain stable; commissioners discussed under‑recovery recovery timing and commissioning/testing of new generation equipment.
GPA staff presented an update to the PUC showing the fuel adjustment (LIEAC) at roughly 0.266 and proposing a reduction to 0.208 (20.8¢), which staff said would translate into an estimated 13–15% reduction in total bills for many customers beginning the next LIEAC period.
Staff explained the calculation, noted an anticipated under‑recovery that will be recovered gradually through the following July period, and outlined commissioning plans for the Okudu plant that could further affect LIEAC once online. Commissioners discussed the goal of revenue neutrality and the mechanics of future recovery periods.
The presentation was informational; no formal vote was recorded.
