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Utah Power Asks for $111 Million Rate Increase

Utah Power Asks for $111 Million Rate Increase

Posted - Aug. 4, 2004 at 12:05 p.m.



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SALT LAKE CITY (AP) -- Utah Power wants to raise rates.

The utility today filed a request with the Utah Public Service Commission for a 111 (M) million dollar rate increase. It says it needs the rate hike to cover increased investments intended to serve the growing needs of Utah customers.

The request amounts to an average nine-point-six percent increase -- or about four dollars-75 cents a month -- for the typical residential customer using 700 kilowatt hours.

NO word when the Public Service Commission will consider the request.

Utah Power serves about 673-thousand customers in the state.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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