SRP Delays Rate Hike

I'm sure prices will rise, but not this year:

The utility industry is facing significant financial pressures. During this difficult recession, so are our customers. That’s why on Sept. 1, SRP’s Board of Directors decided to change course. A base price increase that would have gone into effect Nov. 1 will be delayed. Any change to base prices will not happen before May 1, 2010. Changes to other portions of your bill will still be voted on at an October Board meeting. We expect these changes, related to renewable projects, energy efficiency and fuel costs, to offset each other. This means, if approved by the Board, SRP customers won’t see a price increase this November. Whether it’s managing resources to ensure a sustainable source of water for the Valley, or designing our electric system to provide superior reliability, SRP has a history of making tough decisions in the best interest of our customers. This is one of those times.