Proposed power rate increase expected in August

SALT LAKE CITY (AP) – Utah power customers will see a rate increase of nearly 5 percent if a settlement agreement between utility regulators, consumer advocates and Rocky Mountain Power is approved in August. Rocky Mountain Power spokesman Dave Eskelsen says the increase is part of an agreement between the groups made public Thursday. Eskelsen says the $117 million increase will be offset by $33 million the company earned through renewable energy credits that will be returned to customers. Esklesen says the agreement resolves a dispute over a previous request for a $185 million increase by the company to account for the rising costs of producing energy. Utah Office of Consumer Services director Michele Beck says the settlement is positive for customers, who will see an average increase of about $3 per month.

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