Power Company Seeks Another Rate Hike
Laramie, WY – Wyoming's largest power company is seeking its second rate hike in two years.
Rocky Mountain Power filed an application with the Wyoming Public Service Commission seeking a 36-million-dollar spike in customer rates annually That means the average residential power bill could be four-and-a-half dollars higher every month.
Spokesman Jeff Hymas says the company can't get by on current revenues as the demand for power continues to surge from business, industry and residential users.
He says the money will be used to pay for new power plants, transmission and distribution lines. The last increase came in 2006 when customers faced an average monthly rate hike of nearly 5 dollars. Hymas says Wyoming still sees some of the lowest power rates in country.