Originally published November 13, 2009 at 12:06 PM | Page modified November 13, 2009 at 2:16 PM

Neb. utility raises residential rates about 6 pct

Nebraska Public Power District's residential customers can expect their electric bills to go up about $6 a month.

The Associated Press

COLUMBUS, Neb. —

Nebraska Public Power District's residential customers can expect their electric bills to go up about $6 a month.

The utility's board on Friday approved the 5.7 percent increase, along with a 5.9 percent hike for wholesale customers. The changes go into effect Jan. 1.

NPPD says the money is needed to offset $152 million for a transmission line from Columbus to Lincoln and $198 million for its share of the new Nebraska City power plant.

NPPD sells electricity wholesale to 52 towns and 25 rural districts and cooperatives. It serves about 80 communities at the retail level.

The Omaha Public Power District is considering a residential rate increase of 4.9 percent. Its board is expected to vote Dec. 17.

E-mail article Print Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments

No comments have been posted to this article.