January storm could mean higher rates for PSE customers
Apr 18, 2012, 5:49 AM | Updated: 6:52 am
The big snow and ice storm we had in January could mean higher rates for Puget Sound Energy customers. (Image courtesy PSE)
(Image courtesy PSE)
The big snow and ice storm we had in January could mean higher rates for Puget Sound Energy customers.
Puget Sound Energy says they’re looking at another rate hike to pay off the $72 million it cost to repair damage from the winter storm.
“The $72 million storm damage was a compilation of the equipment that had to be replaced, the poles the wires, the transformers, as well as the cost of crews to come in from the outside, and the cost of PSE employees and equipment,” said Grant Ringel with Puget Sound Energy.
Ringel said if the hikes are approved, it would cost the average household about an extra dollar a month.
“The costs, once they’re approved, and the recovery time is set out, then it’s reflected in customers’ bills every month,” said Ringel.
