VPS CSE Rappahannock Electric Cooperative

NOTICE TO THE PUBLIC OF RAPPAHANNOCK ELECTRIC COOPERATIVE’S APPLICATION FOR A STREAMLINED INCREASE IN RATES CASE NO.PUR-2022-00160 On October 31, 2022, Rappahannock Electric Cooperative (“REC” or “Cooperative”) expects to file with the State Corporation Commission (“Commission”) an utility requesting approval of a proposed improve in charges and expenses for payments rendered on and after January 1, 2023, and approval of revised depreciation charges efficient with the implementation of the proposed charges (”Application”). The Cooperative is submitting the Application pursuant to§§ 56-231.33, 56-231.34, 56-235, 56-236, and 56-585.3 of the Code of Virginia and underneath 20 VAC 5-200-21(C) of the Commission’s Rules Governing Streamlined Rate Proceedings and General Rate Proceedings for Electric Cooperatives Subject to the State Corporation Commission’s Rate Jurisdiction (“Streamlined Rate Case Rules”). REC has continued to put money into its system and the requested income improve will permit it to get better the investments that it has already made and associated operations and upkeep bills. Additionally, the rise in revenues will allow the Cooperative to proceed to satisfy its monetary obligations and to supply excessive ranges of reliability and customer support. Specifically, the proposed charges are designed to extend the Cooperative’s revenues by roughly $14.95 million per yr, an general improve of complete revenues for the Cooperative of three.90%. Impacts on particular person member payments might fluctuate based mostly on utilization. Based on pro-forma yr outcomes, the proposed charges will produce a TIER (Times Interest Earned Ratio) of two.50. The Cooperative proposes the next adjustments to the income produced by every of its fee schedules: Revenue Revenue Class (Rate Schedule) Increase/Decrease Increase/Decrease Amount($) % Schedule A-1 Residential and Church Service $ 12,917,963 5.05%* Schedule A-2 Farm, Civic and Ancillary Resid. $ 902,690 4.76% Schedule A-1 Prepaid Electric Service $ 142,801 5.09% Schedule A-1 -TOU Time of Use $ 4,194 5.26% Schedule B-1 Small General Service <25 kW $ 258,303 2.60% Schedule B-3 Small General Service> 25kW $ 217,719 1.06% Schedule LP-I -Large Power Service $ 480,012 0.79% Schedule HD-I Large Power High Diversity Service $ 47,714 2.15% Schedule LP-3 Large Power Subst Direct Service $ 80,861 0.87% Schedule 7 4 County and Municipal Service $ 400 4.41% Schedule OL Outdoor Lighting $ (98,849) -3.61% Total $ 14,953,808 3.90% *5.05% is the category proportion improve based mostly on 2021 revenues-An particular person member’s improve will fluctuate based mostly on electrical energy utilization and present energy prices. Under the proposed new charges, a mean residential member utilizing 1,347 kWh monthly will see a rise of roughly $7.78 monthly, which might be a 4.1 % improve to the member’s month-to-month invoice based mostly on the present Power Cost Adjustment fee. The Application doesn’t suggest any wholesale energy value riders be rolled-in to base charges. Additionally, the Cooperative isn’t proposing revisions to its fee construction as a part of the Application. On September 21, 2022, the Cooperative’s Board of Directors authorised revisions to the Cooperative’s line extension coverage. These revisions will change into efficient with the implementation of the proposed charges and the Cooperative has included the revised Terms and Conditions reflecting the adjustments authorised by its Board. The Cooperative intends to file the Application with the Commission on October 31, 2022. Any individual topic to the change or adjustments proposed by REC has the precise to request a listening to inside 30 days of the Application’s supply to the Commission, or by November 30, 2022. Requests for listening to needs to be directed to the Clerk of the Commission, c/o Document Control Center, P.O. Box 2118, Richmond, Virginia 23218. If the Commission receives objections from fewer than (i) 150 of the Cooperative’s members; (ii) one-quarter ofthe members inside a fee class that’s the topic of a revision or improve; or (iii) all the members inside a fee class that’s the topic of a revision or improve if the speed class accommodates 20 or fewer members, REC might petition the Commission to make charges everlasting with out listening to inside 30 days after the Application is filed with the Commission. The Commission might convene a listening to to contemplate the Cooperatives Application, and if a listening to is held, the Commission might order fee aid, redesign charges or undertake tariff revisions which differ from these showing in REC’s Application. Interested individuals are inspired to evaluation the Application and supporting paperwork for the main points of those and different proposals and should obtain unofficial copies from the Commission’s web site: https://www.scc.virginia.gov/pages/Case-Information. Copies of the Cooperative’s Application additionally could also be inspected throughout common enterprise hours at every of the Cooperative’s enterprise workplaces within the Commonwealth ofVirginia. Copiesof these paperwork additionally could also be obtained, at no cost, by submitting a written request to counsel for the Cooperative: Timothy E. Biller, Esquire, Hunton Andrews Kurth LLP, Riverfront Plaza East Tower ,951 East Byrd Street, Richmond, Virginia 23219-4074.


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