SRP Considers 8.8 Percent Rate Hike

PHOENIX - SRP has proposed a price increase averaging 8.8 percent, which is an extra $12 a month for the average customer.

SRP says the price increase would "help SRP continue to maintain and upgrade existing power plants and transmission lines, manage diverse fuel sources and meet strict environmental requirements."

Scott Harelson of SRP says some of the money will go to developing environmentally-friendly technology. "The contracts that we signed to purchase the power over time are more expensive."

If approved, the pricing increase would take effect in the November 2009 billing cycle.

Where to attend the Informational meetings

* Aug. 4, 2009
Residential and Small Business Customer Meeting
5:30 to 7:30 p.m.
Pinal Call Center
3735 E. Combs Road, Queen Creek
* Aug. 5, 2009
Residential and Small Business Customer Meeting
5:30 to 7:30 p.m.
Southeast Regional Library
775 N. Greenfield Road, Gilbert
* Aug. 11, 2009
Residential and Small Business Customer Meeting
5:30 to 7:30 p.m.
Supai Middle School
6720 E. Continental Drive, Scottsdale
* Aug. 13, 2009
Residential and Small Business Customer Meeting
5:30 to 7:30 p.m.
Glendale Administrative Center
7650 N. 43rd Ave., Glendale
* Aug. 18, 2009
Commercial Customer and Stakeholder Meeting
9:30 a.m. to 4 p.m. (or until adjourned)
SRP Project Administration Building
1521 N. Project Drive, Tempe