Portland General Electric 8-K Filing Shows Co. Expects To Raise Customer Prices ~1%

"The net annual revenue requirement increase of $18 million, or 1%, will be effective in two phases. A $37 million decrease, representing a 2.1% decrease in customer prices, will be effective January 1, 2016. The decrease will consist of a reduction in base business costs of $10 million and a decrease of $27 million related to the amortization and recognition of certain customer credits through supplemental tariffs. A $55 million annualized increase, representing a customer price increase of 3.1%, will be effective when Carty becomes operational, subject to the site becoming operational by July 31, 2016. The increase will consist of an $83 million annualized increase related to the cost recovery of Carty and a $28 million annualized decrease related to the amortization of certain customer credits through supplemental tariffs. Updates to the load forecast, to be finalized in October 2015; power costs, to be finalized in November 2015; and actual cost of debt, including any new issuances priced no later than November 1, 2015, may further change the amounts shown in the table above. Regulatory review of the 2016 GRC will continue, with a final order expected to be issued by the OPUC by December 2015. All the stipulations remain subject to OPUC approval. The 2016 GRC filing (OPUC Docket UE 294), as well as copies of direct testimony, exhibits and stipulations discussed above, are expected to be made available on the OPUC Internet website at www.oregon.gov/puc."