COLUMBUS, Neb. (AP) - For the second straight year, Nebraska's largest public power utility will not raise electricity rates.
The Nebraska Public Power District voted Friday to keep rates steady going into 2015.
Earlier this year, the utility had said it would likely need to implement a rate hike for its wholesale customers. But NPPD was able to use $12 million from a rate stabilization account to avoid that.
NPPD President and CEO Pat Pope said efforts to reduce costs, coupled with strong revenues from the utility's participation in the Southwest Power Pool's energy market reduced the need for rate increases.
NPPD helps serve an estimated 600,000 Nebraskans in 86 counties with retail or wholesale electric power.
© Associated Press
MOST VIEWED STORIES
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Street lights to be discussed at Monday city meeting
Services set for Effingham woman killed in crash
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
U.S. 36 work in Doniphan Co to impact motorists
Truck fire at CGB facility in Falls City
Flags to fly half staff Wednesday across KS
Results from SE Nebraska contested Primary Elections
BC's Pate remembered by students, college family
Fatal Atchison apt fire investigation continues
Update: Date set for signals switch at Hiawatha intersection
Three former Atchison Co employees arrested on felonies
LATEST STORIES
Three former Atchison Co employees arrested on felonies
Barricaded fugitive arrested in Jackson County
Wed signing means full funding for KS education
MHMA Mock Trial Team sees natl success
Fatal Atchison apt fire investigation continues
Update: Date set for signals switch at Hiawatha intersection
Results from SE Nebraska contested Primary Elections
U.S. 36 work in Doniphan Co to impact motorists