In addition to general energy costs rising, the electric utility industry has experienced cost pressures from new environmental requirements, high prices and risks associated with the deregulated wholesale power market, and demands for greater reliability. Other operating and maintenance costs are also increasing. The rate increase also applies to power sales to wholesale customers Wabash Valley Power Association and the town of Troy. Rate increase takes effect April 1 for May payment. Price increase for electricity is modest compared with those for natural gas, propane, fuel oil and other fuels.
Electric power remains economical energy choice for consumers.
Copyright 2001 Hoosier Energy REC, Inc.