the republic logo

Nebraska Public Power District board votes for second straight year against rate hikes

bug
Share/Save/Bookmark

COLUMBUS, Nebraska — 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.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.