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Rocky Mountain Power proposes $20M rate decrease due to federal tax savings

Rocky Mountain Power plans to pass along $20 million in federal tax savings to its ratepayers in Utah, starting May 1.

The rate decrease, which is pending approval from the state Public Service Commission, will result to annual savings of $11 for an average electric customer, according to a March 22 press release. The rate drop is in addition to a recently proposed rate decrease of $6.5 million due annual cost and accounting adjustments.

The utility anticipates more benefits for customers upon completion of an analysis on how to address known future costs and provide long-term rate stability.

Rocky Mountain Power, known legally as PacifiCorp, anticipates more benefits for customers upon completion of an analysis on how to address known future costs and provide long-term rate stability. The company plans to file its final proposal to the Utah regulators on June 15.

PacifiCorp is a Berkshire Hathaway Energy subsidiary.