Summary
This article outlines the company's plan to file another base rate case in one year, driven by future capital requirements, ongoing information system enhancements, and other improvements detailed in its Third Long-Term Infrastructure Improvement Plan (LTIIP).
Future Rate Case Filing and Infrastructure Improvements
Highlights
Reasons for Upcoming Rate Case
The company expects to file another base rate case in one year due to anticipated future capital requirements, continuous information system upgrades, and the expenses associated with other improvements outlined in its Third Long-Term Infrastructure Improvement Plan (LTIIP).
Importance of Infrastructure Investments
Many of the planned improvements are crucial replacement and betterment investments. These are undertaken to fulfill legal commitments, ensuring the system operates safely and reliably. The company is accelerating its replacement and betterment program as detailed in its Third LTIIP.
Impact on Rate Case Cycle
This sustained capital investment supports a one-year rate case cycle and a one-year normalization of rate case expenses.