Electricity prices are on the rise
Oregonians may soon see their Electricity Bills rising, and it won’t just be because the cost of producing electricity is going up.
Oregon’s two biggest electricity producers are safeguarding their profits by trying to raise electric bills.
Pacific Power’s parent company, Pacificorp, has asked the Oregon Public Utility Commission for a nine percent rate increase effective next year.
That increase would help Pacificorp almost double its profit margin.
Portland General Electric is also going to see its profits rise, even as people use less power.
That’s thanks to poorly timed program to promote energy efficiency.