PORTLAND, Ore. ( KOIN ) – Pacific Power has released its rate proposal for 2025, and it could mean that Oregon customers will pay significantly more for their electricity next January.
The company shared that the cost of investing in “ wildfire risk management strategies , transmission infrastructure, and renewable generation projects” will lead them to a 16.9% rate adjustment that totals roughly $304 million.
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That means an average residential customer with “typical energy usage” will need to pay an additional $29.47 per month.
“Through careful stewardship on behalf of our customers, we have delivered safe, reliable and affordable service at prices that are well below the national average,” Matt McVee, the vice president of regulatory policy and operations, said. “While our essential operating costs remain low, extreme weather events and increased wildfire risks are impacting all households and businesses, raising the costs of providing our essential services.”