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Does the PSC grant every request for rate increase made by utilities?
No, it does not. In 2008, for example, four utilities asked for rate increases totaling about $275 million and the PSC, as a
result of declining fuel costs and other adjustments, approved a combined decrease of $10 million. In the last 15 years, the PSC has
approved about one-half of utility requested amounts, or a reduction of utility rate requests by nearly $2 billion.
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