CHEYENNE, Wyo. (AP) — Rocky Mountain Power has announced that it’s looking to reduce Wyoming utility rates by more than $16 million and freeze rates until 2020.
The electricity provider submitted its proposal for the rate decreases to the Wyoming Public Service Commission on Monday.
If approved, the company says average residential customers would see a decrease in their utility bills of about $15 per year. The rates would take effect in June.
Rocky Mountain Power has also pledged to not increase base rates for customers for the next three years.
A spokesman for the Salt Lake City-based company, David Eskelsen, says lower fuel prices and the sale of renewable energy credits on the open market has helped bring down costs. Revenue from the credits goes toward customer bills.