Assoc. Says State's 50+ Struggling to Keep up With Annual Rate Hikes
CHEYENNE, Wyoming, June 15, 2012 /PRNewswire-USNewswire/ -- Rocky Mountain Power (RMP) and several large electric consumers, along with the Wyoming Office of Consumer Advocate announced today that they had agreed to settlement of RMP's latest rate case. AARP, however, has some reservations. While the Association was a formal intervening party to the case, it did not sign onto the settlement.
AARP Wyoming Director Tim Summers said today that, "We can't go along with yet another rate increase at this time. Our members have had their electric rates go up every year since 2007 – they're getting tired of annual rate hikes and those who live on fixed incomes are having trouble keeping up."
Under the agreement reached by the settling groups with RMP, rates would go up in increments over a two-year period, leaving consumers facing $32 million in hikes beginning in October of this year and another $18 million in hikes in 2013. RMP and the settling parties will present their settlement to the Wyoming Public Service Commission at a hearing set to begin July 16 in Cheyenne. AARP will present a summary of contentions to the Commission.
SOURCE AARP Wyoming