RSSProposal calls for 1.5 percent power rate hike
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YAKIMA, Wash. -- A proposed settlement filed late Tuesday with state regulators will grant Pacific Power & Light Co. a 1.5 percent general rate increase for its Washington customers.
The settlement, if approved by the Washington Utilities and Transportation Commission, will add $1.69 per month to the average residential customer's bill.
An average customer, using 1,300 kilowatt hours of electricity per month, currently pays $103.08 per month.
The state will conduct a hearing on the settlement March 7 in Olympia. The new rate would take effect June 1.
Pacific Power spokeswoman Jan Mitchell in Portland said the 1.5 percent settlement amount applies to all customer classes, including industrial and irrigation.
PacifiCorp, an investor-owned utility doing business as Pacific Power & Light Co., serves 130,000 customers in the Yakima and Walla Walla valleys.
A rate increase would be the ninth approved for Pacific Power customers since 2000, according to commission records. Pacific Power & Light Co. instituted a state-approved 12 percent rate increase last year.
Negotiations leading to the settlement were conducted among PacifiCorp, commission staff, representatives of consumers and industrial customers.
Pacific Power had requested a 4.3 percent increase that would have generated an additional $12.9 million in revenue, citing the need to renew long-term power supply contracts at higher rates.
Commission staff had recommended an increase of 1.1 percent, or $3.3 million.
Mitchell said the settlement takes into account renewal of power service contracts, known as net power costs, at rates lower than the utility initially estimated.
* David Lester can be reached at 509-577-7674 or dlester@yakimaherald.com.
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