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Last updated 7:20AM ET
August 15, 2018
KSUT Regional
KSUT Regional
LPEA Ponders Power Rate Hike
(ksut) - HOST LEAD: Thousands of LaPlata Electric Association customers may welcome in the new year, with higher bills.
KSUT's Victor Locke reports:

VICTOR: What you pay each month to light your lights, perhaps heat your home, is about to go up.
The wholesale cost of electricity LPEA purchases from Tri-State Generation and Transmission has risen almost 12-percent.
Citing that increase, LPEA's Board has approved an almost 10-percent rate hike for residential, commercial and industrial customers.
The increase would raise about 8-million dollars per year.
LPEA CEO Greg Munro says Tri State's rate hike to its member coops is the result of trying to meet rapidly increasing demand for power and the construction of new electric power generation plants to meet that demand as well as other factors.
The rate increase isn't certain.
Customers have a 30-day period to comment on the increase.
The LPEA board will then vote December 19th on whether to adopt the change.
LPEA estimates the nearly 10-percent rate hike will add an estimated 7-dollars per month to the average residential customers bill.
For KSUT, I'm Victor Locke.
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