PEG Files PBR Testimony for Puget Sound Energy in Washington

Gas and electric utilities in Washington are now required by law to propose performance-based ratemaking (“PBR”) with their general rate cases. Each proposal must include a multiyear rate plan, performance metrics, and performance incentive mechanisms (“PIMs”). Puget Sound Energy, Washington’s largest provider of retail gas and electric services, filed a PBR proposal for these services on January 31st. A team from Pacific Economics Group helped the Company develop its proposal. Mark Newton Lowry, the President of PEG, submitted testimony that detailed the Company’s metric and PIM proposal and included a white paper on PBR. PIMs are proposed that encourage demand response and managed electric vehicle loads. A copy of his evidence is accessible here.