SRP seeking public comment on proposed rate hikePosted: Updated:
MESA -- The Salt River Project wants to know what its customers think of a proposed 8.8 percent electric rate increase, the largest the utility has sought since 1981.
APS and SRP moving forward with rate hikes - azfamily.com's Kirsten Joyce reports you may soon be forking out more money for your power because APS and SRP are moving forward with steps to increase your rates.
The utility has two public meetings scheduled this week in the Queen Creek area and in Gilbert.
Residential and small business customers can ask questions and discuss the proposal with SRP representatives.
If the utility's board approves the rate hike, SRP would take in an estimated $218 million in additional income in 2011. An SRP spokesman said the typical residential customer would see a monthly increase of $12.22.
SRP officials say they need more money to fund power plants and transmission lines to meet future power needs.
Critics question the need for a large rate hike during an economic downturn when fuel prices are sharply lower.
Information from: East Valley Tribune/Scottsdale Tribune
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