Rate-case process
Utility-filed base-rate cases with multi-year settlements and separate cost-recovery clauses
Base rates are reset in utility-initiated cases. Fuel, conservation, environmental, storm-protection, and gas-cost components may change in separate recurring proceedings.
Read the official framework ↗Wholesale power market
State rules
Full base-rate reviews set the broad revenue and return framework. Recurring riders, clauses, and reconciliations can change narrower charges between those reviews. These are governing patterns, not filing-date forecasts.
Electric and gas service
Full base-rate review
Electric and gas · FPSC rate-base-regulated investor-owned utilities
Case-specific, often resolved through multi-year plans
Utilities file when base-rate relief is needed; an approved settlement may include a stay-out period and scheduled adjustments.
Rate period: Historic or projected test year approved in the case
Governing rule ↗Between full reviews
Electric
Fuel and purchased-power cost recovery clause
Annual projection and true-up
Fuel and purchased-power costs are set and reconciled outside base-rate cases.
Governing source ↗Electric
Storm Protection Plan Cost Recovery Clause
Annual recovery; three-year plan cycle
Incremental approved storm-hardening costs are recovered separately, under ten-year plans filed every three years.
Governing source ↗Natural gas
Purchased gas adjustment
Periodic projection and true-up
Purchased-gas costs are recovered and reconciled separately from base rates.
Governing source ↗Current activity