Rocky Mountain Power Reduces Rate Hike Proposal

Rocky Mountain Power has revised its proposed rate increase for Utah residential customers from an initial 30% to 18.1%, following significant feedback and criticism from state leaders and advocacy groups. The new proposal, which aims to mitigate customer impacts, would add approximately $14.28 to the average household's monthly bill starting February 23, 2025, down from the previously proposed $24.14 increase. The utility company has cited rising costs for fuel, inflation, and insurance related to wildfire risks as justifications for the hike, while also emphasizing their responsiveness to customer concerns. Notably, the second phase of the proposed increase, originally set for January 2026, has been eliminated. The Utah Public Service Commission is expected to hold a hearing on the revised rate increase in December. This adjustment reflects ongoing tensions between utility companies and legislators focused on maintaining affordable energy rates in the state.