Regulators OK Rocky Mountain Power rate hike

By The Associated Press

Fri, 02/19/2010 - 11:15pm

Copyright 2010 . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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SALT LAKE CITY -- Utah regulators have approved a rate hike for Rocky Mountain Power customers.

The Public Service Commission on Thursday approved the utility's request to charge 2.2 percent more.

Commission officials say that means a typical residential customer will pay about $1.30 more each month and will provide an additional $32.4 million per year for the company.

The company initially sought an increase of $67 million.

In seeking the increase, the company cited increased investments in electrical generation and transmission equipment to meet growing demands.

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