MCE Approves Billing Credits and Returns $85.9 Million to Ratepayers
1 report, 1 independent
Updated Oct 17
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What happened
The MCE board approved a 22% billing credit for typical residential accounts, effective from November through March. Commercial electricity plans received credits ranging from 23% to 28%. MCE will return $85.9 million to ratepayers because mid-2026 energy costs were lower than what was projected.
From marinij.com
Why it matters
The credits and refunds reflect lower-than-expected procurement costs for MCE. This action occurs while MCE competes with Pacific Gas & Electric Co. on power rates for its 1.8 million customers.
The Marin County Grand Jury previously evaluated MCE's management and governance, noting that MCE competes with Pacific Gas & Electric Co. on power rates.
From marinij.com
Who's involved
- John MccormickAdvocated for returning money to ratepayers
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The entities involved
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John Mccormick
researcher
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