Business

Rocky Mountain Power proposes 30.6% rate hike for Utah residents

"Like many businesses in these difficult economic conditions, the utility is facing inflationary pressures and increased costs outside of its control." - Dick Garlish, President of Rocky Mountain Power

SALT LAKE CITY — Rocky Mountain Power has filed a proposal with the Utah Public Service Commission to increase rates, driven by rising costs and investments in new infrastructure. The company cites increased fuel and wholesale power costs, alongside necessary capital investments, as key factors. Additionally, higher insurance premiums linked to wildfire risks contribute significantly to the proposed rate hike.

The proposal outlines a two-step rate increase to mitigate customer impact, starting February 23, 2025, with a second adjustment on January 1, 2026. Residential customers would see their rates rise from 10.96 cents per kWh to 14.31 cents per kWh over the two steps, reflecting an overall increase of 3.35 cents per kWh.

“We take our obligation to deliver safe, reliable and affordable energy seriously,” said Dick Garlish, President of Rocky Mountain Power. “Like many businesses in these difficult economic conditions, the utility is facing inflationary pressures and increased costs outside of its control.”

Significant projects include the Gateway South transmission line and the Rock Creek wind project.

The average monthly increase for residential customers is projected at $13.87 in 2025 and $10.27 in 2026, totaling $24.14.

Due to the rate increases, Rocky Mountain Power is offering bill payment assistance programs, energy efficiency tools, rebates and incentives, and other resources for homes. Customers can call 1-888-221-7070 to learn more.

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