PPL customers to get refund

From PoconoNews.Net:

The Pennsylvania Public Utility Commission approved a $30.16 million refund for PPL residential customers that resulted from PPL Electric Utilities Inc. overcollecting its competitive transition charge (CTC).

The Commission voted 5-0 to approve the revised CTC rates that reflect actual collection and reconciliation data. Because of an overcollection of the CTC, PPL will refund about $30.16 million to its residential customers and $2 million to its industrial customers. These consumers will see the “transition charge” portion of their bill move from a charge to a credit.

PPL undercollected the CTC from its small commercial and industrial customers by about $17.6 million, meaning those customers will continue to pay the CTC in 2010.

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