PGE Rates up 7.6%, starting today

PGE customers will soon pay higher rate for their electricity

Customers of Portland General Electric, the state’s largest utility, will see their rates increase by an average of 5.6 percent starting today.

The Oregon Public Utility Commission released its decision Monday regarding PGE’s rate case, ending a public review process that began in February.

Regulators approved an overall price increase of roughly 7.6 percent, which will be allocated across all PGE customer classes. With adjustments, including a reduction to reflect less-than-anticipated power costs in 2007, customers will see the 5.6 percent increase in their electric bills.

I guess we should be happy that the rate change is only 7.6% – rather then the 15% PGE asked for.