Customers face a possible rate increase of more than 14% that would take effect in January.
Pacific Power finalized a settlement this week with regulatory staff and ratepayer advocacy groups.
The settlement, combined with increased power costs, translates to a possible rate increase of more than 14%.
Actual rate increases vary by customer class. If the three-member Oregon Public Utility Commission approves the settlement between its staff and the other parties in the case, the average residential customer using 900 kilowatt hours of electricity per month would see their monthly bill increase by $8.30 to $89.26 effective Jan. 1, 2011, the company said. High-use residential customers, commercial customers and industrial customers will see larger increases.
“This will hit in January and it will hit hard, said Melinda Davison, a lawyer for the Industrial Customers of Northwest Utilities. “It’s a big number for industrial, residential and commercial customers. We think anything over 10 percent is rate shock.”
Read more at OregonLive.com.
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