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News Release
Commission Approves PacifiCorp Rate Decrease
December 19, 2000 (2000-058)
Contacts: Ron Eachus, Chairman, 503 378-6611; Roger Hamilton, Commissioner, 503 378-6611; Joan H. Smith, Commissioner, 503 378-6611; Bob Valdez, Public Information Officer, 503 378-8962
Salem, OR - The Oregon Public Utility Commission today approved a 3.97 percent rate decrease for customers of PacifiCorp effective January 1, 2001.
The tariff reduces rates by 2.46 percent to reflect a credit for the sale of the company's Centralia plant, 1.55 percent reduction to reflect the ScottishPower merger credit and a 0.04 percent increase to reflect the recovery of deferred Y2K costs. The net effect is a reduction of $30,768.000.
"With all the difficulties in California and the often exorbitant wholesale prices for electricity, it's nice to be able to provide a decrease in rates with the winter heating season," Commission Chairman Ron Eachus said.
However, he cautioned that the volatility in wholesale prices of electricity might lead to increases in rates later. The Commission is investigating a PacifiCorp rate increase application for a 15 percent residential rate hike to take effect August 1, 2001.
With these changes approved today, the monthly bill of typical residential customer using 1,000 kWh per month will decrease by $2.40, from $66.07 to $64.07, or 3.63 percent.
PacifiCorp serves approximately 427,000 residential customers in Oregon.
Rates for large industrial customers will decrease by 4.86 percent, and the general service class by an average of 4.02 percent.
When the Commission approved the PacifiCorp/ScottishPower Merger application, it included among other things, the companies' agreement to provide a merger credit to customers for a four-year period beginning in 2001.
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