Rocky Mountain Power requests rate hike for Wyoming customers
If approved, would go into effect in January 2016
by Rocky Mountain Power
March 3, 2015
Rocky Mountain Power is requesting a price change to occur in January 2016 to support the growing costs of serving its Wyoming customers. If approved by the Wyoming Public Service Commission later this year, prices would increase by an overall average of 4.53 percent beginning next year.
Proposed price changes vary for different types of customers, and the increase would differ based on individual electricity use. An average residential customer using 768 kilowatt hours per month would see an increase of about $4.64 on their monthly bill.
"This requested price increase includes the completion of a number of large projects and reflects the rising cost of providing electric service to customers," said Rita Meyer, Rocky Mountain Power vice president. "Our electricity prices will remain a good value. Dependable, reasonably priced electric service is essential to homes and businesses in Wyoming and to help our state and local economies grow."
The latest ranking by Edison Electric Institute shows Rocky Mountain Power prices are in the lowest third of all electricity providers nationally.
Included in this rate request are the final installment on the Sigurd-Red Butte transmission line, installation of environmental controls on the Jim Bridger power plant, a new substation in Natrona County, the new Standpipe substation in central Wyoming, an additional distribution transformer at the Casper substation, the 115-kilovolt loop system around Casper, more work on the Southwest Wyoming to Silver Creek transmission line and other operations and maintenance to improve system reliability within Wyoming. In addition, the request asks that 2016 rates reflect the costs of service for customers in 2016.
"We are committed to remaining a low-cost electricity provider, controlling expenses and helping customers save money by using electricity efficiently," Meyer said. "We understand that any price increase can be difficult for customers and we work hard to make sure every dollar we spend aligns with what our customers truly need and expect."
Earlier this year new energy-savings programs for Rocky Mountain Power’s Wyoming customers were approved by regulators. For full details on the company’s wattsmart energy-efficiency programs and incentives, visit www.wattsmart.com. Information regarding programs to help qualifying low-income customers is available on the company’s website at www.rockymountainpower.net.