PPL Corporation’s (PPL Quick QuotePPL ) subsidiary PPL Electric Utilities announced that it has reached an agreement to reduce the transmission rates and lower customer bills. If approved by the Federal Energy Regulatory Commission, the savings and refunds will be effective Dec 1, 2021.
Per this arrangement, base return on equity for the utility’s electric transmission formula rate will be reduced from 11.18% to 9.9%. This will save $1.54 for residential customers and $2.15 for business customers on a monthly basis for a one-year period. The transmission rate is a component....More>>>