Another 14.7% Electric Rate Increase Requested For Wyoming

Another requested rate hike?

Why?

You might be asking yourself, "Didn't we just have a rate increase?"

Yes, we did.

Rocky Mountain Power has asked for a 14.7% increase in power bills for its Wyoming customers.

In the request, the power company explains that it needs another $123.5 million to pay for new high-voltage transmission lines for a new Laramie wind farm and work on power plants.

The company says that the increase would mean an extra $17.17 per month for Wyoming customers.

The request must be reviewed by the state board.

If it is approved it would become effective June 1, 2025.

“We recognize the impact that the rising costs of providing electric service has on customers,” said the RMP President, in a statement.

“The dynamic economic conditions we face are similar to those challenging all other electric providers in the nation.”

The statement went on to say how the company is trying to cut costs.

“We work hard to control the costs within our control, and the company’s prudent actions historically are demonstrated by the fact that we have been consistently among the lowest-cost electric utilities in the U.S,” he said. “We believe we can maintain this position because these cost pressures are affecting the entire electric utility industry.”

A recent rise in power costs had just gone into effect on July 1, 2024.

That bump raised Wyoming resident's monthly power bills by 12.3%, or about $139.4 million about $12 per month on their utility bills with that bump.

You can read more about Rocky Mountain Power's requests and filings by visiting their website at this link.