PECO's "Storm Damage Recovery Surcharge" from Hurricane Isabel in 2006 is STILL showing up on customer bills here in Philadelphia. It's been 5 years and they're still collecting money for storm restoration costs. The surcharge is only 0.3% of total charges but it adds up over time. Does anyone know if there's supposed to be an end date for these recovery riders? Seems like they go on forever.
PECO's storm recovery rider - 5 years and counting
Phil - TVA here in Nashville has the same issue. They've got storm recovery surcharges dating back to 2008 that are still active. The problem is these riders often don't have specific sunset dates, just language about "recovery of prudent costs." The utilities can stretch that out as long as they want with PSC approval.
Ed - that's exactly the problem. PECO's original filing said they needed to recover $75 million in storm costs, but there's no mechanism to track when they've actually collected that amount. The surcharge just keeps running indefinitely. Customers have no visibility into whether the utility has already recovered their costs plus a reasonable return.