The Nebraska Public Power District voted Friday to keep rates steady going into 2014.
Earlier this year, the utility had said it would likely need a 3.5 percent rate increase. But cost-cutting measures were able to reduce that proposed increase to 2 percent.
NPPD President and CEO Pat Pope said continued efficiencies and a strong financial summer eliminated the need for a rate hike.
NPPD helps serve an estimated 600,000 Nebraskans in 86 counties with retail or wholesale electric power.