Laramie, Wyo. – A Rocky Mountain Power rate increase approved by the Wyoming Public Service Commission this week will generate an additional 44 million dollars for the company. That's less than half of the company's initial request of nearly 98 million dollars.
The lower amount will still mean a 10 percent hike in residential customers' electricity costs. And Rocky Mountain Power spokesman Jeff Hymas says the company plans to request further rate increases in the years ahead. "In the current environment, with electricity use continuing to grow, we do anticipate continuing to have to ask for price increases on an annual basis," he said. "We are having to build new infrastructure to get power from where it's generated to where it can be used by customers, new transmission lines, and these things cost a lot of money."
Hymas says this year Rocky Mountain Power has requested rate increases in every state in which it operates. The increase takes effect in late September.