However, it also increases system costs allocated to Wyoming for generation, transmission and other shared expenses, resulting in higher costs in this price request.ДЄnother significant factor in this price request is higher depreciation rates approved last year. This is a good indicator of economic growth in the state, as more businesses choose to expand or locate in Wyoming. Overall electricity use by Rocky Mountain PowerвЂ™s Wyoming customers is growing at a faster rate than in other states served by the company. In Wyoming, these capital investments also include the new Red Butte substation in Casper parts of the 115-kilovolt transmission loop around Casper and the new Standpipe substation in central Wyoming that will help stabilize voltage and improve reliability. Wyoming customers would pay only a portion of these costs that are shared among customers in six states. This includes the new Lake Side 2 natural gas-fueled power plant in Utah that will begin serving customers this summer, and the recently completed Mona-Oquirrh transmission line that improves the reliability of the transmission system and adds needed capacity. New capital investment, totaling $2.3 billion companywide, is the largest reason for the requested price increase and is necessary to maintain reliable electric service today and for the future. The latest ranking by Edison Electric Institute shows Rocky Mountain Power is priced in the lowest third of all electricity providers nationally. Dependable, reasonably priced electric service is essential to homes and businesses in Wyoming, and to help our state and local economies grow.' 'Our electricity prices will remain a good value. 'This requested price increase is needed to support the growing costs of maintaining reliable electric service for our Wyoming customers,' said Rita Meyer, Rocky Mountain Power vice president for Wyoming.

Proposed price changes vary for different types of customers and would impact customersвЂ™ bills differently based on their individual electricity use. If approved by the Wyoming Public Service Commission, prices would increase by an overall average of 5.3 percent beginning next year.ДЄ residential customer with average electricity use of 780 kilowatt-hours per month would see an increase of about $4.50 on their monthly bill. Rocky Mountain Power is requesting a price change to occur in January 2015 to support the growing costs of serving its Wyoming customers. Rocky Mountain Power requests price increase

Pinedale Online > News > March 2014 > Rocky Mountain Power requests price increase

Rocky mountain power price ut