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A new report shows that Wyoming’s total energy costs are the highest in the nation, but it might be a little misleading.
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Now that the legislative session is over, lawmakers are meeting periodically to discuss what issues they need to address next session. A growing theme is the coal industry’s hardships, with big asks from the industry itself and grim updates from utilities that currently depend on the energy source.
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The parent company Rocky Mountain Power is asking the U.S. District Court to overturn the Wyoming Public Service Commissioners’ decision in January to only approve a part of the company’s proposed electricity rate increases. The commission rejected part of the increase that would have helped pay for things like higher fuel costs to the company and rising insurance costs partly due to wildfires linked to their infrastructure.
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The largest electricity provider in Wyoming is proposing rate hikes to customers again. Rocky Mountain Power, a division of the six-state utility PacifiCorp, is asking the state to approve an average of a 12.3 percent hike to its 144,511 Wyoming customers’ bills.
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Several bills that made it out of the session attempt to protect Wyomingites from the rising costs of electricity.
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The hearings for a potential utility rate hike wrapped up. If approved, it’d be one of the largest increases in state history and many say they can’t afford it.
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A major electric utility in the state is proposing rate hikes for customers – potentially increasing by almost 30 percent – and at a recent meeting the public was extremely opposed.
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Some of the largest utility companies in the Mountain West are increasing electricity rates as they grapple with inflationary pressures and weather disruptions.
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One of Wyoming’s main electricity providers says following state law could come at a huge cost to customers.Pacificorp, also known as Rocky Mountain Power, recently testified to the Wyoming Public Service Commission regarding a 2020 state law that requires public utilities to begin incorporating some carbon capture technology at their coal-fired plants. Some see carbon capture as a way to meet climate goals, while still using coal.
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The analysis also found that other rural and energy-rich states, such as Oklahoma and North Dakota also ranked highly in energy costs.