12/17/2022 0 Comments Rocky mountain power rates![]() ![]() This includes the new Lake Side 2 natural gas-fueled power plant in Utah that will begin serving customers this summer, and the recently completed Mona-Oquirrh transmission line that improves the reliability of the transmission system and adds needed capacity. New capital investment, totaling $2.3 billion companywide, is the largest reason for the requested price increase and is necessary to maintain reliable electric service today and for the future. The latest ranking by Edison Electric Institute shows Rocky Mountain Power is priced in the lowest third of all electricity providers nationally. Dependable, reasonably priced electric service is essential to homes and businesses in Wyoming, and to help our state and local economies grow." "Our electricity prices will remain a good value. "This requested price increase is needed to support the growing costs of maintaining reliable electric service for our Wyoming customers," said Rita Meyer, Rocky Mountain Power vice president for Wyoming. Proposed price changes vary for different types of customers and would impact customers’ bills differently based on their individual electricity use. If approved by the Wyoming Public Service Commission, prices would increase by an overall average of 5.3 percent beginning next year.Ī residential customer with average electricity use of 780 kilowatt-hours per month would see an increase of about $4.50 on their monthly bill. Rocky Mountain Power is requesting a price change to occur in January 2015 to support the growing costs of serving its Wyoming customers. Rocky Mountain Power requests price increaseĪsking for an increase of 5.3%, about an average of $4.50 on monthly bill A recent ranking by the Edison Electric Institute shows Rocky Mountain Power is priced in the lower third of all electricity providers in the U.S.Pinedale Online > News > March 2014 > Rocky Mountain Power requests price increase The power company assures customers that Utah has some of the lowest electricity prices in the country. In a brief summary issued by Eskelsen, Rocky Mountain Power considers all aspects carefully before requesting an increase because the company understands the impact the change has on customers and businesses. Then the second step came in September 2013 with an increase of just under three percent.” Rates then increased by about five percent in October 2012. “The last rate increase was made in a two-step process,” he explained. Still, a price change is needed to keep electricity safe and reliable for customers.Įskelsen explained that the proposed change is mild and that every attempt has been made to make the increase moderate and predictable. “Decisions were made based on customer need, service reliability and what’s in the best interest of our consumers.”Īccording to Rocky Mountain Power, the company spent $16 million less this year by reducing corporate and operation costs and by lowering financing rates. “We looked at all our choices before asking for a rate increase,” Eskelsen assured. Prior to submitting the proposal, the utility company looked over operating expenses closely and cut costs where applicable. ![]() This includes investments for the Hunter Plant in Castle Dale.”Įskelsen explained that together, these projects amount to $2.4 billion in capital investment needed to keep electric service reliable and reasonably priced for customers. New or upgraded equipment is needed to meet new federal and state environmental rules. “As well, the company must comply with increasingly strict environmental regulations. “These projects were previously approved for construction by the public service commission and provide great benefits to customers,” Eskelsen stated. Two such projects are the new Lake Side Power Plant in Utah County, which will serve customers this summer, and the recently completed Mona-Oquirrh transmission line, which runs from Mona to Salt Lake City. Rocky Mountain Power spokesperson David Eskelsen explained that revenue generated from the proposed rate increase will be used to support several projects and environmental controls. ![]() Therefore, customers should not see a change to their bill before this fall. On average, it takes about eight months for the service commission to review and approve any proposed rate increases. 3 for the increase that could take affect as soon as this September.Īccording to Rocky Mountain Power, a four percent increase would generate approximately $76.3 million and would increase monthly residential bills by about $3.73. The utility company filed a request with the Public Service Commission of Utah on Jan. Rocky Mountain Power announced earlier this month that customers may see an average rate increase of four percent. ![]()
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