Rocky Mountain Power asks for $67M rate increase

Rocky Mountain Power asks for $67M rate increase

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SALT LAKE CITY (AP) -- Rocky Mountain Power has notified state regulators that it wants to increase its electricity rates by $67 million beginning in February 2010.

The increase would mean an average Rocky Mountain Power customer would see their annual electricity bill go up by 4 percent, or about $2.70 a month.

Michele Beck, director of the state's Office of Consumer Services, says at first glance the company's request doesn't seem justified for residential customers.

But Rocky Mountain Power President A. Richard Walje recently told The Salt Lake Tribune editorial board that the utility needs the rate increase to help cover growing investments in power-generating facilities and transmission lines.

The increase would be implemented by raising its monthly customer charge from $3 to $5.70.


Information from: The Salt Lake Tribune

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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