Rocky Mountain Power eyes more rate increases

Save Story
Leer en EspaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) -- Rocky Mountain Power is poised to ask state regulators for another rate hike.

The company maintains that it's not bringing in enough money to adequately run it systems and keep up with customer demand. Company spokesman Dave Eskelsen says the utility also lacks funds to buy the electricity it needs.

Last month state regulators gave Rocky Mountain Power just 25 percent of the $161 million it requested in requested rate hikes. Another request is still pending.

Company officials are said to be sharpening their pencils in anticipation of asking the Public Service Commission for some $100 million or more in rate hikes next year.

A rate hike that size could tack $5 or more onto the average residential customer's monthly bill.

------ Information from: The Salt Lake Tribune

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast