RMP, Lawmakers Don’t See Eye To Eye On Rate Increase

RMP, Lawmakers Don’t See Eye To Eye On Rate Increase

(Salt Lake City, UT) — Rocky Mountain Power wants to increase its rates by some 30 percent over the next two years. State lawmakers told the public utility provider in a meeting yesterday that it needs to first make major organizational changes or have its shareholders take up a portion of the rising costs. Based on their disagreement, it’s possible only a portion of the controversial two-year increase proposal will get implemented. The utility says it will give lawmakers a report later this year that addresses restructuring. The rate plan would increase costs by about 15 percent next year and another 15 percent in 2026 if approved. The average customer would get a bill that is about 24-dollars higher each month by the time the second increase kicks in.