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Posted inColumns/Blogs, Energy Report, Power to the People

Utility: Rising price of coal drives rate increase

In Rocky Mountain Power’s current rate increase request of 17.3 percent for Wyoming customers, utility officials say the rising cost of coal is a bigger factor.

“One of the single biggest factors in our Wyoming pricing request is related to coal,” said Jeff Hymas, spokesman for Rocky Mountain Power, Wyoming’s largest regulated utility. “We have expiring contracts for coal used at our power plants, and expiring contracts for power we have to purchase.”