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GPA to seek 7% increase in LEAC
Just because the base rate won't be going up soon, does not mean the LEAC won't. During Tuesday's Consolidated Commission on Utilities meeting, commissioners are expected to approve a 7% increase to the Levelized Energy Adjustment Clause.
Initially, GPA was seeking a 13% hike, but due to the streetlight payment, that amount was reduced. Once approved it will head to the Public Utilities Commission for a vote but implementation of the additional power increase may not occur until later this year as the PUC isn't scheduled to meet until September.
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