Mountain Parks Electric to raise rates for 2012
December 8, 2011
Mountain Parks Electric, Inc. has gone three years without a rate increase, however, this year will be increasing rates driven by the wholesale price of electricity. “Ninety percent of our customer base is residential and they will see a $5 to $6 monthly increase, a 4.8 percent increase,” said Joe Pandy, general manager. The increase is effective on bills after Jan. 1. In an article written for the Mountain Parks Electric magazine, “Colorado Country Life,” Pandy writes that the Mountain Parks board was mindful of the difficult economic conditions despite reluctantly approving the increase. The last increase was in 2009. Pandy points out the 1.6 percent increase over a three year period is less than the rate of inflation. Despite efforts to reduce expenses, Mountain Parks’ wholesale power bill from its supplier, Tri-State Generation & Transmission, will increase by about $1 million this coming year.