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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.)