Sunday, May 31, 2009

Jason Marks reasoning for voting “No” on rate increase

“I did not believe the allocation of the rate increase to the customer classes was fair, and I voted against the order approving the settlement.” Jason Marks provided a more detailed statement at his Official Website “PRC Commissioner Jason Marks.”

On May 29 the PRC voted in favor on a 3-2 vote to increase the rates of residential and small business customers. A yes vote was to increase the rates for residential and small businesses. The increase will be 4.6% in July and another 5.1% next April. At the same time that residential and small businesses rate are going to go up to 9.7%, the rate of large business will only increase at most 0% to 1%.