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SURFA Presentation Vincent L. Ammann, Jr. Vice President & CFO April 14, 2011. Decoupling Mechanisms. District of Columbia:. Maryland:. Filed for Revenue Normalization Adjustment in December 2009 DC PSC deferred review until next rate case . RNA mechanism approved in 2005.
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SURFA Presentation Vincent L. Ammann, Jr.Vice President & CFOApril 14, 2011
Decoupling Mechanisms District of Columbia: Maryland: • Filed for Revenue Normalization Adjustment in December 2009 • DC PSC deferred review until next rate case • RNA mechanism approved in 2005 Virginia: • March 2010, Virginia SCC approved RNA for residential customers (“CARE”) • Approval for commercial customers dependent tariff changes which included in rate case filed in January 2011
Infrastructure Trackers District of Columbia: Maryland: • Approved Settlement Agreement for $28 million in additional infrastructure investments over 7 years • Surcharge allowed after rate freeze expires 10/1/11 • Proposed legislation in 2011 to permit accelerated infrastructure spend and surcharge was unsuccessful • Potential proposal in upcoming rate case to be filed soon Virginia: • Accelerated infrastructure spending legislation with surcharge mechanism passed into law in 2010 • Approval of spending plan and surcharge calculation currently pending