Just when we thought we could relax and comfortably usher in the New Year a stealthy, between-the-holidays announcement slips out from the bomb bay doors.
On Monday, December 28th, Salt River Project proposed an increase in electricity prices about half of what it had originally proposed.
As reported in SRP proposes average $6 rate hike, the utility is proposing a 4.9 percent increase in electricity prices to pay for a new $1 billion coal-fired plant and for environmental controls at the coal-fired Coronado Generating Station.
As disappointing as it is to pay for a dirty, old coal plant – and a dirty, new coal plant – there may be a spark of hope in the announcement. SRP’s Chief Financial Executive, Mark Bonsall, is quoted as saying, "We have weighted the increase towards the highest-consumption customers because they drive our costs more.”
Please allow me to repeat that, "We have weighted the increase towards the highest-consumption customers because they drive our costs more.”
Could it be? Did Rate Crimes just receive a small gift for the Holidays? Does this foretell greater things for the coming year? Will other utilities follow this example of leadership?
Oooh Emmm Geeee!