SRP releases details of proposed rate hike

SRPBy Ryan Randazzo | The Republic | azcentral.com

Salt River Project officials are asking the utility’s elected board of directors for a $110 million annual increase in rates that would kick in this spring, mostly to pay for coal and gas plants.

A customer using 1,110 kilowatt-hours a month on the basic price plan (E-23) would see bills increase $4.61 a month.

However, because customers use much more electricity in the summer than the winter, the increases will be greater during the warmer months.

Continued:

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