Bonneville proposes rate increases

Associated Press Published: November 8, 2012
Advertisement
;

PORTLAND, Ore. (AP) — The Bonneville Power Administration wants to raise wholesale power rates 9.6 percent to make up for lower surplus power sales due to competition from power plants running on low-cost natural gas.

The federal agency said Thursday it needs the money for maintenance and upgrades for the dams and nuclear power plant that produce its power.

BPA also wants a 13 percent increase in fees it charges utilities to move power on 15,000 miles of transmission lines.

Spokesman Mike Hansen says the amount that consumers see on their electric bills will be less, because not all that increase gets passed through by utilities.

The agency adjusts its rates every two years. Following a review by the Federal Energy Regulatory Commission, new rates will go into effect Oct. 1 2013.



Trending Now


AROUND THE WEB

  1. 1
    Report: Caron Butler close to two-year deal with Detroit Pistons
  2. 2
    It’s harder to be a poor student in the U.S. than in Russia
  3. 3
    Man fatally stabbed in west Tulsa early Sunday
  4. 4
    How brain imaging can be used to predict the stock market
  5. 5
    Bridenstine tours Fort Sill, satisfied with facility's transparency
+ show more