PSC approves 4.7 percent rate increase for RMP
The Utah Public Service Commission (PSC) has issued a Memorandum Decision approving a stipulation and settlement agreement among parties in the Rocky Mountain Power (RMP) rate case. A final order providing findings of fact, conclusions of law, and other customer class particulars will be issued prior to September 21, 2011 when the rate change will become effective. The net increase of this rate change to a residential customer is approximately 4.7 percent or $3.50 per month.
RMP initially requested a rate increase totaling $232 million. The settlement approves $117 million of the original request. The PSC granted a portion of the requested rate increase because of the increasing demand for electricity by Utah customers, increasing costs to produce electrical power, the cost of federally-mandated pollution control equipment, increasing investment in transmission facilities, and other increases in RMP's operating costs.