Rocky Mountain Power Wyoming rate proposal
14.7% rate increase means typical residential customer will see a $17.17 increase per month or more
by Pinedale Online!
January 14, 2025
Rocky Mountain Power says increasing insurance premiums relating to rising wildfire risks, along with capital investments in transmission and wind projects, are driving their rate request filed with the Wyoming Public Service Commission. If approved, this would result in an overall increase in general rates of $123.5 million, which would yield an overall percentage increase of 14.7%.
For the typical residential customer using 700 kilowatt-hours per month, the increase would be $17.17 per month. A customer who uses 1,400 kilowatt-hours per month would see a monthly increase of $31.34.
Rocky Mountain Power claims their customer rates are one of the lowest-cost electric utilities in the U.S. The significant capital investments in this request include Wyoming’s share of the Gateway South and Gateway West Segment D.1 projects, and the Rock Creek I and II wind projects. RMP says these projects are helping the company keep costs low for customers and maintain reliability.
Increasing insurance premiums relating to rising wildfire risks are far beyond anything the company has experienced before, they state on their website, https://www.rockymountainpower.net/. Excess liability insurance costs were up 270% in one year, and the 2023-24 policy year represents a 1,888% increase over the last five years.
The Wyoming Public Service Commission’s (PSC) will host an online-only public comment hearing scheduled for 5-7 p.m. on Tuesday, January 28, 2025. See the info below for Zoom and phone access for this public meeting.
Join Zoom Meeting at 5:00PM:
https://us02web.zoom.us/j/9933449233
Or Dial 1-669-900-9128 or 1-253-215-8782
Meeting ID: 993 344 9233"
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