PRC 10 Rate Review – Phase I Decision on Friday December 1

11/30/2017

The PRC has just released an advisory to the media that they will release the Phase I decision tomorrow.  https://www.prc.gov/sites/default/files/pr/Media%20advisory.pdf at 1:00 eastern.

RM2017-3, the PRC’s Statutory Review of the System for Regulating Rates and Classes for Market Dominant Products. A ruling was expected in early autumn, 2017. The timeline has pushed and is now expected to be late November.

Possible scenarios include:

  1. CPI remains in place
  2. Modified CPI cap with adjustment factor that accounts for unmet liabilities and/or volume loss
  3. Eliminate the CPI cap