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Regulatory Proceedings : Virginia
Public Utility Commission Website http://www.scc.virginia.gov/
Regulatory Activity Underway Virginia E&R filing
Docket Number PUE-2009-00039
Overview

On May 15, 2009, Appalachian Power filed the fourth and final tranche of E&R surcharge filings with the SCC, requesting a $41.6MM increase for environmental and reliability costs incurred during the period January 1, 2008 through December 31, 2008, with a proposed one year recovery period commencing January 1, 2010. APCo has requested an ROE of 12.5%. The current E&R surcharge expires December 31, 2009.

Procedural Schedule 8/27/2009 Intervenor testimony due
9/10/2009 Staff testimony due
9/21/2009 Rebuttal testimony due
10/1/2009 Public hearing commences

Regulatory Activity Underway Virginia Base Rate Case Filing
Docket Number PUE-2009-00030
Overview

On July 15, 2009 APCo filed a base rate case under the re-regulation law in Virginia. The law requires the Commission to initiate proceedings to review the rates, terms, and conditions of all investor-owed incumbent electric utilities during the first six months of 2009, after which electric utilities will be required to file base case proceedings on a biennial basis.

Due to a decision by the VSCC on July 14, 2009 with regard to rate case PUE-2009-00019 defining the required capital structure to be the actual end-of-test-year period, on August 14, 2009 APCo filed supplemental schedules to reflect an end-of-test-year period. This reduced the original requested revenue increase by approximately $15MM.

As provided by Section A4 of the law, APCo is filing a Transmission RAC (T-RAC) in conjunction with its base case filing. The T-RAC filing will provide recovery of costs charged to the Company by PJM Interconnection LLC, the Regional Transmission Entity of which APCo is a member. Therefore, transmission costs have been excluded from the base case filing, and rates determined by the base case will be for Distribution and Generation service only.

Procedural Schedule 12/28/2009 Intervenor testimony due
1/27/2010 Staff testimony due
2/17/2010 Rebuttal testimony due
3/16/2010 Evidentiary Hearing Commences
Key Components Requested ROE: 13.35%
Requested ROR: 9.027%
Requested Rate Base: $2,057MM*
Requested Revenue Increase: $154MM
Rates in place subject to refund: December 12, 2009
*Represents Generation and Distribution Rate Base only
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