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Estimated Bill: An indication that we could not obtain an actual meter reading. The next actual reading will adjust for any differences between actual and estimated use.
Budget Billing Plan: A free service offered to residential customers to distribute your electricity costs evenly over the year. For more information on UI's Budget Billing plan, click here.
Kilowatt-Hour (kWh): A measure of electricity. One kWh equals one thousand watts used for one hour. If you use one 100-watt bulb for ten hours, you use one kWh. The number of kWhs on your bill is the total you used for the days covered by this bill.
Late Payment Charge (LPC): A charge for the unpaid and overdue portion of the previous bill, minus payments and credits. It is calculated at the percentage shown on this bill.
Competitive Transition Assessment (CTA): A calculation allowing your electric distribution company to recover past prudent investments in generation assets (called stranded costs), as approved by the Public Utilities Regulatory Authority (PURA, formerly known as the DPUC [Department of Public Utility Control]).
Combined Public Benefits Charge is the combination of the following three charges--
Conservation and Load Management Program: A charge funding programs that promote energy conservation and efficiency.
Renewable Energy Investment: An investment funding programs that promote the use of renewable (or environmentally friendly) fuel sources, such as solar power, wind, fuel cells, methane gas from landfills, biomass, trash-to-energy, and water.
Systems Benefit Charge: A charge funding public costs such as public education, hardship protection, and nuclear plant decommissioning.
Transmission Charge: A charge for the delivery of electricity over high voltage lines
Distribution Charge: A charge for the delivery of electricity over the poles and wires to customer homes and businesses
Generation Services Charge: A charge for the production of your electric energy (open to competition)
*RMR Contracts “Reliability Must Run”: Payments that assure that certain generating facilities continue to operate
*System Congestion: Incremental costs associated with operating less economic generation due to transmission system limitations
* Part of Federally Mandated Congestion Costs: any cost imposed by the Federal Energy Regulatory Commission (FERC) as part of the New England Standard Market Design.
New Bill Items (beginning in October 2010)
Starting Oct. 1, 2010, customers will see two additional new line items on their electric bills. The two items are described as the Decoupling Adjustment and Pension Tracker & Earnings Sharing. Both were approved by the Connecticut Public Utilities Regulatory Authority (PURA, formerly known as the Department of Public Utility Control [DPUC]) and ordered by PURA to be placed on the customers’ bills as separate line items.
The Decoupling Adjustment will appear as a charge (positive number) to customers’ bills for the next 12 months or until modified by PURA. For a typical residential customer, this charge will be approximately 20 cents a month. (Note: This is based on monthly consumption of 700 kilowatt-hours.)
The Pension Tracker & Earnings Sharing will appear as a credit (negative number) to customers’ bills for the next 12 months or until modified by PURA. This credit will be approximately 47 cents a month (based on monthly consumption of 700kWh).
The Decoupling Adjustment allows UI to recover or pass back to customers the difference between actual revenue versus allowed revenue requirement. It’s important to note that the mechanism can translate into either a charge or credit. Ultimately, it creates a balance and protects the customer and UI by assuring that UI collects the revenue allowed by PURA--no more, no less. Beginning in October 2010, this represents a charge, which means that UI did not collect the amount allowed as authorized by PURA.
The Pension Tracker & Earnings Sharing also protects both the customer and the company from recovering too much or too little for expenses related to pension obligations and allowed return on equity (ROE). This year’s calculation determined that UI over-recovered during the 2009 rate year and, therefore, customers’ bills will show a credit.
You can find additional information at the Connecticut State Department of Energy & Environmental Protection's website, www.ct.gov/dpuc. Customers can also call PURA toll free at 800-382-4586.