Letter to the Editor

The News Journal's reporting about Bloom Energy charges to Delmarva customers distorts the real financial impact on customers' electric bills. The story portrays that customers are paying significantly more for the project than anticipated, but that is not the case.

The February 2014 filing with the Public Service Commission is clear: The average net financial impact of the Bloom project on the typical residential customer has been $1.30 per month. While monthly impacts will vary, the overall net impacts are in line with the original projections provided and debated by the PSC when it approved Delmarva's Qualified Fuel Cell Provider tariff. At the time the tariff was approved, PSC staff said the average monthly impact would be $1.26 at this stage of Bloom's development.

Delmarva calculates the impact by looking at all the cost and benefit variables. This includes the generation revenues that Bloom receives for generating low-emission, reliable energy right here in Delaware, as well as the renewable energy credit savings provided by that same cleaner, low-emission generation. The recent story ignores the renewable energy credit savings. The story did mention the creation of more than 100 jobs at Bloom, and this should not be overlooked. The economic impact was a factor the Commission was required to consider in approving Delmarva's tariff.

Part of our job at the PSC is to educate the public, which includes correcting the record when incomplete information has been provided to Delaware ratepayers. The public should be aware that the net cost associated with this project continues to be very close to the original projections.

Dallas Winslow

Chairman

Delaware Public Service Commission

Wilmington