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HomeMy WebLinkAbout20100528News Release.pdf~~100~OUNTAIN pAc-~-(O-o'7 RECE f''I,'). '- For information, cotact: David Eskelsen 801-22Q.2447 Media Hotline Soon5-7950 2fttU MAY 28 AM It. 52 Investments to serve customers drive request for price increase BOISE, May 28, 2010 - Rocky Mounta Power continues to make investments in renewable electrcity, trsmission lines and environmenta contrl equipment to serve customers. The investments propose to be included in pnces are alreay servng Idao customers or will be before the end of 20 1 O. The request will be reviewed by the Idaho Public Utilities Commssion, which may approve it or determe a different adjustent to electrc pnces. "We understad how difficult pnce increases are for customers, parcularly in ths economy," said Karen Gilmore, vice president. "Rocky Mounta Power works hard to control those costs it can control, such as staffing levels and operating costs. In addition, the company has cut abouthaf-a-bilion dollars from its capita budget each year for the next 10 year in response to the economic recession. However, the company must continue reasonable investment in new failties to continue reliable electrc servce to customers in Idaho. "The requested pnce increase is needed to continue safe, reliable electrc servce to customers in Idao as the state's electrcity needs grow," Gilmore said. "To miniize the impact of ths pnce increase, we have tips and products to help customers use electrcity wisely, as well as progrs to help equaize or extend bil paying. Call us toll :fe, any time, at 1 -888-22 1 -7070 or visit us on our web site, rockymountapower.net, to lear more." Even with ths proposed increase, Rocky Mountan Power's customers will enjoy some of the lowest pnces in the nation, and we're workig hard to control costs in th futue. The proposed increases ar: Stadad Residential Service: Time of Use Residential: Small General Servce: Medium and Large General Servce: Irgation: Large Industral: 8.0 percent 15.6 percent 10.8 percent. 14.6 percent 9.6 percnt. 15.9 percent to 19.6 percet. The proposed changes are intended to bnng all customer pnces more closely to the actu costs to serve them, which is a basic objective of utilty regulation. The $27.7 millon request represents an overal 13.71 percent average increase for Idaho customers of Rocky Mountain Power. -more- Investments to serve customers drive request for price increase 2-2-2 The public may comment on the request dunng the commission's review process. A copy of the company's application is available for public review at the commission offces in Boise and at the company's offces in Rexburg, Preston, Shelley and Montpelier. Idaho Public Utilties Commission ww.puc.state.id.us 472 W Washington Boise,ID 83702 208-334-0300 Rocky Mountain Power offces · Rexburg - 25 East Main · Preston - 509 S. 2nd E · Shelley - 852 E 1400 N · Montpelier - 24852 US Hwy 89 About Rocky Mountain Power Rocky Mountain Power serves more than 70,000 customers in southeastern Idaho. It is one of the lowest-cost electrc utilities in the United States, providing safe and reliable servce to more than one 1 millon customers in Uta, Wyomig and Idaho. The company works to meet growing energy demand while protecting and enhancing the environment, and owns more than 10,000 megawatts of generation from coal, hydro, natual gas-fueled combustion tubines and renewable wind and geothermal power. ###