SRP approves rate hike, new gas construction

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…


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