Warren Wise
"If approved, the latest proposal would cost a household using 1,000 kilowatt hours of electricity about $5.79 a month, or $69.48, extra each year, when it is fully in place over the next two years starting in July. The original request would have cost customers about $140 over 12 months.
Rates would go up 2.5 percent in July, 1.2 percent in July 2011 and 1.18 percent in July 2012.
The proposed rate schedule includes about $25 million collected from customers during this past winter that would go back to them and another $48 million in tax credits.
The increased power costs would come on top of an already approved average annual spike of 2 percent over the next decade to pay the $10 billion cost of two new nuclear reactors north of Columbia."
Rates would go up 2.5 percent in July, 1.2 percent in July 2011 and 1.18 percent in July 2012.
The proposed rate schedule includes about $25 million collected from customers during this past winter that would go back to them and another $48 million in tax credits.
The increased power costs would come on top of an already approved average annual spike of 2 percent over the next decade to pay the $10 billion cost of two new nuclear reactors north of Columbia."
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