Critics make case against utility's historic electric rate hike - Wyoming Tribune
Critics make case against utility’s historic electric rate hike | Local News | wyomingnews.com
CHEYENNE — Rocky Mountain Power officials took the stand here Wednesday to defend the company’s proposed $140.2 million rate hike — a 21.6% increase that’s sparked fear and outrage among its 144,000 customers in Wyoming.
The hike would come on top of a 7.6%, $50.2 million “fuel cost adjustment,” resulting in a cumulative 29.2% rate increase beginning in January. That would inflate the average monthly household electric bill by approximately $19.94, according to the company.
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Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.