Rocky Mountain Power requests price increase
by Rocky Mountain Power
December 18, 2011
Rocky Mountain Power has asked the Wyoming Public Service Commission for permission to increase our prices in Wyoming. If approved, changes would likely take effect in October of 2012.
Requested price increases vary for different types of customers, based on our costs to serve them. For an average residential customer, the requested increase would amount to about $6 more per month. Most residential customers with lower electricity use would see lower percentage increases.
For all it provides, electricity continues to be a very good value for our Wyoming customers. Prices will unavoidably increase over the next decade, however, primarily due to growing electricity use by our Wyoming customers (nearly 18 percent increase in overall electricity use in about 5 years) and environmental regulations.
More than half of the costs included in this price increase request are related to producing electricity. The other major items include environmental controls at coal-fueled power plants, new substations and other infrastructure projects to meet our customers’ growing electricity needs. This price increase request does not include any new company-owned wind projects or major transmission lines.
We recognize the economic stress our customers, our communities, our region and our nation are experiencing, and we will continue to hold down costs within our control. Between 2006 and 2010, we reduced our own administrative costs by 32 percent. We are delivering higher quality service, and our employees are doing more with less.
We have proven programs to help customers save money by making energy efficiency improvements at their homes or businesses. Visit www.wattsmart.com to learn more. We also have programs to help customers experiencing difficulty paying their bills.
We’ll continue working together with our customers, utility regulators and other stakeholders to keep electricity a good value now and into the future. For more information about this price request, visit our website at www.rockymountainpower.net/wyomingprices.