Tuesday, October 7, 2008

SRP approves 5.9% rate increase

"Salt River Project customers will begin paying $5 to $8 more for their monthly bills in November - the 11th increase at the utility since 2002.

After considering an adjustment of as much as 7 percent, the utility's directors approved a 5.9 percent rate increase Monday to help recover natural gas and electricity expenses.

The increase is tied to the amount of electricity customers use, and on a percentage basis is larger in winter than summer, when demand is higher."

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SRP approves 5.9% rate increase

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