Oregon’s Public Utility Commission has sliced a rate increase requested by the electric company, Pacificorp. The investor-owned utility wanted a three-and-a-half percent increase. The utility commission announced Thursday that it approved a rate hike of just half a percent, starting January 1st.
A statement from the commission said the ruling factors in Pacificorp’s investments in transmission lines. But commissioners didn’t add in Pacificorp’s coal plant upgrades.
A Pacificorp official said the decision was complicated, and the company wasn’t prepared to comment on it immediately.