PORTLAND, Ore. (AP) -- Proposed settlements of Oregon utility rate increase requests would see residential electricity rates rising about 5 percent for Portland General Electric customers and about 1 1/2 percent for PacifiCorp customers.
The Oregonian reports (http://is.gd/vuE5aH ) that the proposed settlements were filed Wednesday by the utilities, Oregon Public Utility Commission staff and advocacy groups. They are subject to final approval by the commission.
PGE originally sought a $105 million increase. The settlement reduces that to $60 million, which works out to a roughly 5 percent increase for residential customers and about 3 percent for commercial and industrial customers.
PacifiCorp filed for a $56 million increase. The settlement would reduce that to about $24 million. That works out to about a 1 1/2 percent increase for residential customers and a slightly more than 2 percent increase for commercial and industrial customers.