What steps did SVEC take before filing?

In advance of filing for a rate case, SVEC worked with an independent third-party consultant to undertake what is known as a cost-of-service study to better understand if current rate structures are appropriately recovering costs. The study outlines what changes to the current rates would be necessary to ensure costs were recovered if present rates were not adequate. This information was used to develop the new tariffs and schedules that were submitted for the rate case filing. For this rate case, SVEC conducted its cost-of-service study in late 2020.

The consultant then presented a recommended course of action in the form of a rate case proposal to the SVEC Board of Directors in January 2021. The board approved the proposed rate case in February 2021. SVEC staff filed the rate case with the SCC on March 16, 2021.