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
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
One injured in Nemaha Co wreck
Wetmore man arrested on child sex-related charge
Walnut Township Treasurer removed; votes unofficial until canvass
Rural Horton man arrested on multiple drug charges
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
TX man to stand trial on charges in fatal Jackson Co crash
Local judge files for re-election
Atchison in running for national fireworks honors
Truck fire at CGB facility in Falls City
BC's Pate remembered by students, college family
Flags to fly half staff Wednesday across KS
LATEST STORIES
U.S. 36 work in Doniphan Co to impact motorists
Senator Ricketts staff to visit Falls City and Auburn
Richardson County Sheriff provides updates to Commissioners
Services set for Effingham woman killed in crash
Marshall Co Commissioner files for re-election
Contested races in Tuesday Primary Election in Nebraska
One hospitalized, one jailed, after Atchison attack
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