A Christmas Gift form SoCal Edison.

Like the Grinch turning from bad to good and returning all of the stolen presents just before Christmas, SoCal Ed has informed the PUC it wants to rescind a 6% rate increase that is supposed to take effect in January.

Apparently a combination of higher sales and lower costs has left SCE feeling generous.

According to the Desert Sun:

The additional decrease would affect the heavier electricity users in the company's five-tier system. The heaviest users would see rates decrease from about 47 cents per kilowatt-hour to about 28 cents, if the plan is approved.

The average California home uses about 20 kilowatt-hours of electricity per day.

Rates are determined based on utility costs and customer usage forecasts. But if costs are lower or usage higher than expected, a revenue surplus is returned to customers through a rate adjustment the next year.

The company also announced that it plans to build the largest wind farm in the country: 50 square miles of windmills in Tehachapi. That area has the potential to produce 4,500 to 5,000 megawatts of power - double the power of a nuclear power plant and four times the power of the conventional plant in Relands.

Edison may nix rate hike [Desert Sun]

Recent Southern California Edison decisions will relieve customers [Desert Sun]