Neb. utility OKs 4.9 percent rate hike next year

AP News
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Posted: Dec 18, 2009 4:37 PM

The average residential electric bill in the Omaha Public Power District will be going up about $4 a month soon.

On Thursday, the OPPD board approved a 4.9 percent rate increase that goes into effect Jan. 1.

A year ago, OPPD raised electric rates an average 14.5 percent.

OPPD says the ailing economy and cooler-than-normal weather cut demand for electricity in 2009, which in turn cut OPPD revenue.

Despite its spending cutbacks, OPPD says, it needs the rate increase revenue next year _ about $35 million.

OPPD serves about 754,000 people in southeast Nebraska, in all or part of 13 counties.