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Wed November 24, 2010
Rocky Mountain Power seeks another rate hike
By Tristan Ahtone
Laramie, WY – Since 2008, Rocky Mountain Power has increased electricity rates by nearly 77 million dollars in Wyoming. This week, the company filed another request to hike rates.
In order to charge customers more for electricity, Rocky Mountain Power has to get approval from the Wyoming Public Service Commission. In 2007, the utility company requested a 36-million dollar increase for service, but the commission only permitted 23 million dollars in increases. There were similar rate hike requests and negotiations in 2008 and 2009. According to utility company spokesman Jeff Hymas, increased demand for electricity from industry and residents has forced the company to raise prices.
"We expect that as our costs to serve customers continue to go up and they don't show any sign of slowing down, we'll probably have to come back on an annual basis to continue requesting price increases, now, I don't have a crystal ball and I can't tell the future, but that's what it looks like right now."
Hymas says the request would raise rates by 21-and-a-half-percent for residential consumers. That's an increase of about 15 dollars a month. (How different is it for commercial consumers? Might be worth a line here, if it's substantially different from residential rate increases.) For Wyoming Public Radio, I'm Tristan Ahtone.