NPPD Won’t Need Rate Hike in 2014

nppd(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 be lowering 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.

  • fnp

    Thats a real shocker as NPPD has continuously raised rates at 3-4 times the rate of inflation the past few years. Along with having a bloated and overpaid corporate structure.

    Current score: 3
  • http://windows7 Hsiato

    I agree with “fnp”. NPPD has way to many “chiefs” that are grossly overpaid and not nearly enough “indians” to do the work.

    Current score: 1