HomeMy WebLinkAbout20070608Press release and customer notice.pdf~ ~
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For information, contact:
Margaret Oler 801-220-2592
Media Hotline 800-775-7950
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June 8, 2007
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FOR IMMEDIATE RELEASE
Rocky Mountain Power files for rate increase
BOISE, Idaho - Rocky Mountain Power today filed with the Idaho Public Utilities
Commission for a rate increase of $18.5 million, or 10.3 percent overall, to be effective
Jan. 1 , 2008. The proposed rate increase is designed to cover the dramatically increasing
cost of serving industrial, residential and irrigation customers.
The proposed increase is needed as the result of the company s need to meet the
increasing cost for electricity," said Richard Walje, president, Rocky Mountain Power.
As the need for electricity has grown, the company has made large investments in new
infrastructure and facilities. In addition, costs have increased for fuel, wholesale
electricity transactions, electricity transmission
, '
labor and the cost of capital."
Walje said if the company s proposal is approved, residential and irrigation customers
would see a 6.7 percent average price increase. For the average residential home using
000 kilowatt hours per month, that equates to an increase of approximately $5.56 per
month. The application also proposes prices increases of 14 to 24 percent for industrial
contract customers. No price increase is proposed for commercial customers.
The Commission will study the company s proposal during the coming months and must
approve the proposed changes before they can take effect. The public will have the
opportunity to comment on the proposal during the rate-making process. A copy of the
company s application is available for public review at the commission offices in Boise
and at the company s offices in Rexburg, Preston, Shelley and Montpelier. It is expected
that a decision will be reached sometime during December this year.
Rocky Mountain Power is a division ofPacifiCorp serving nearly 68 000 customers in
southeast Idaho. The company is committed to delivering safe and reliable electrical
service to its customers while maintaining its position as a low-cost provider in the
regIon.
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Customer Notification
On June 8, 2007 Rocky Mountain Power
filed with the Idaho Public Utilities
Commission for a rate increase of
$18.5 million, or 10.3 percent overall
to be effective January 1, 2008. The
proposed rate increase is designed to
cover the dramatically increasing cost
of serving industrial, residential and
irrigation customers.
The proposed increase is necessary in
order for the company to meet the
increasing costs of providing electricity.
As the need for electricity has grown, the
company has made large investments in
new infrastructure and facilities. In
addition, costs have increased for fuel,
wholesale electricity transactions,
electricity transmission, labor and the
cost of capital.
If the company's proposal is approved as
filed, residential and irrigation customers
would see a 6.7 percent average price
increase. For the average residential
home using 1 000 kilowatt hours per
month, that equates to an increase of
approximately $5.56 per month. The
application also proposes price increases
(continued)
of 14 to 24 percent for industrial contract
customers. No price increase is proposed
for commercial customers.
The commission will study the
company's proposal during the coming
months and must approve the proposed
changes before they can take effect. The
public will have the opportunity to
comment on the proposal during the
rate-making process. A copy of the
company's application is available for
public review at the commission offices
in Boise and at Rocky Mountain Power
offices in Rexburg, Preston, Shelley and
Montpelier (address list below), or at
the company's Web site
www.rockymountainpower.netJrates.
It is expected that a decision will be
reached sometime during December
this year.
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Rocky Mountain Power offices:
25 East Main Street
Rexburg. Idaho 83440
509 South 2nd East
Preston, Idaho 83263
852 East 1400 North
Shelley, Idaho 83274
24852 u.S. Highway 89
Montpelier, Idaho 83254
.. ROCKY MOUNTAIN
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