Portland, Ore.-based Pacific Power is asking the Oregon Public Utility Commission to approve a 20.1% rate hike, the Portland Business Journal is reporting.
The utility made a request for a 13.1% increase to recoup investments in infrastructure upgrades and renewable energy projects, and another request for a 7% hike reflecting anticipated increases in power costs.
Jan Mitchell, a Pacific Power spokesperson, says the 13% rate hike relates to various investments the company is making, including two wind energy developments in Wyoming, improvements to its electricity transmission system, the re-licensing of some hydroelectric dams and emissions controls at a coal-fired power plant.
If approved, the rate increases would take effect Jan. 1, 2011.
SOURCE: Portland Business Journal