No raise in 2014 electric rates - KTIV News 4 Sioux City IA: News, Weather and Sports

No raise in 2014 electric rates


 Customers of Nebraska's largest public power utility, will not be subject to a raise in electric rates in 2014. The Nebraska Public Power District Board of Directors voted Friday, to keep rates steady for the upcoming year.
    Earlier this year, the utility had said it would need a three point five percent rate increase. However, cost-cutting measures were able to reduce that proposed increase to two percent.
    NPPD President and CEO Pat Pope said, "Continued efficiencies and a strong financial summer eliminated the need for any 2014 rate hike." NPPD helps serve an estimated 600,000 Nebraskans in 86-counties with retail or wholesale electric power.

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