Utility awarded a smaller rate increase than it had requestedJun 19, 2012 The Associated Press
Rocky Mountain Power has reached an agreement with consumer groups that would stagger a $50 million electric rate increase over the next two years.
The agreement is $12.8 million less than the company's original request made in December and was submitted to the Wyoming Public Service Commission last week. If approved, the company would implement a $32 million general rate increase in October of this year and an $18 million increase in October 2013.
Rocky Mountain Power spokesman Jeff Hymas said the agreement would also reduce a $29.3 million annual energy cost adjustment increase that began May 15 to $27 million.
Rocky Mountain Power is Wyoming's largest electricity provider.