No Rate Increase Next Year for NPPD
COLUMBUS, Neb. (AP) - Nebraska Public Power District won't need a rate increase next year after all.
President and CEO Pat Pope told the utility's directors at their meeting Wednesday in Columbus that strong summer revenue streams and expense cuts eliminated the need for any rate hikes. The expense cuts included staff reductions.
In July, NPPD said it would lower its rate increases to 2 percent next year from an earlier forecast of 3.5 percent. The 2 percent increase would have cost an average retail customer using 1,000 kilowatt hours a month between $2 and $3 more each month.
This year's rate hike of 3.75 percent was the district's seventh general increase in seven years.
NPPD helps serve an estimated 600,000 Nebraskans in 86 counties with retail or wholesale electric power.
© Associated Press
MOST VIEWED STORIES
Horton man arrested following weekend shooting
Hiawatha man facing sex, drug charges waives prelim hearing
Morrill pair arrested on drug, child endangerment charges
Two arrested Thursday in Jackson Co on meth-related charges
Falls City man sentenced to Federal Prison
Jackson Co traffic stop leads to arrest
Ground Broken for new Sac and Fox Trad'n Post
Inmate dies at Lansing Correctional Facility
One held for past Atchison shooting
Early Thursday storms leave damage, outages, locally
MO grass fire battled Thursday
Mound City Mayor Duane Nauman remembered
Community Healthcare System hires new CEO
Brown Co Planning Commission established
Falls City School Board approves personnel moves and purchases
Valley Falls' future set for Wednesday eve discussion
PBPN breaks ground for new business
LATEST STORIES
Jackson Co crash confirmed as fatality
90 mph+ downburst winds blamed for Thursday damage
Morrill pair arrested on drug, child endangerment charges
Rates to increase at Brown Co landfill
NOAA weather radio event set in Seneca
Falls City man sentenced to Federal Prison
RELATED STORIES
Cooper Nuclear sirens sound due to false alarm
Neb Public Power District warns of scam attempts
Hydrogen leak repaired at Cooper Nuclear plant
Planned Power Outage in Pawnee County
NPPD: No Plans To Close Cooper Nuclear Station
NPPD Board Approves Rate Increase
NPPD Offers Energy Savings Tips