PHOENIX — Salt River Project electric customers can expect higher power bills beginning in November.
Its executive board approved a 4.7% increase during its meeting Monday.
That equates to an average of $5.58 increase in monthly bills according to the utility.
A second increase of the same amount was also approved which would begin in November 2023.
The utility said the hikes are a result of rising natural gas costs that the utility is allowed to recover through its Fuel and Purchased Power…