us oppd rate hike nebraska 111009
On the homepage
Schools
Out There
Petters
Burning
Utility considers 4.9 percent rate hike next year for electric customers in Nebraska
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
OMAHA, Neb. - A year after raising electric rates an average 14.5 percent, the Omaha Public Power District is considering a residential rate increase of 4.9 percent more.
OPPD managers presented the proposal to the utility's board on Tuesday. The board is expected to take up the proposal at its Dec. 17 meeting.
If approved, the rates would go up on Jan. 1 — the average residential bill rising about $4.05 a month.
OPPD says the ailing economy and cooler than normal weather cut demand for electricity in 2009, which in turn cut OPPD revenue.
Despite its budget cutbacks, OPPD says, it needs the rate increase revenue next year — about $35 million.
OPPD serves about 754,000 people in southeast Nebraska, in all or part of 13 counties.
Recent Business stories
Washington man who refused late Netflix shipment sues Postal Service over firing - November 10, 2009
Washington man who refused late Netflix shipment sues Postal Service over firing - A former postal supervisor who says he was fired for refusing a late shipment of Netflix DVDs in Spokane is suing the Postal Service. More
- 2 charged with running $190M Ponzi scheme
- No verdict; Petters jury to resume deliberations Monday
- China executes 2 for role in tainted milk scandal
- FDA says Cheerios health claims lack evidence
- 'Good Morning America' cancels Lambert
- Fed: super-low rates could fuel speculative bubble
- Holiday gift: Amazon-Wal-Mart price war
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments