Possible Power Rate Decreaseby Staff and Wire
KPVI.com, October 18, 2004
Several years ago, Idaho Falls Power more than doubled its rates after an energy crisis. But these days, things are looking up for the city-owned power utility.
Prices are stable now and the reserve is growing, so City Councilman Mike Lehto says it's time to look at lowering rates for customers. But Idaho Falls Power Director Mark Gendron hopes to continue to build up financial reserves and look into building cooperative power plants with other utilities, creating less dependence on the Bonneville Power Administration. Despite the 60% increase a few years ago, Gendron says the rates are within the national average.
It is up to the city council to decrease utility rates. Right now, that is only in the early stages of consideration.
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