Pacific Power’s 550,000 customers in Oregon will begin receiving rate reductions starting next month.
The rate reductions are tied to reduced annual operating expenses of the utility because of the tax cuts passed by the Trump administration in 2017.
Residential customers in Oregon, in a move approved by the Oregon Public Utility Commission, will see a decrease of approximately 3.8 percent, with the typical bill for 900 kilowatt hours of electricity per month falling from $98.52 monthly to about $94.40 for power usage Feb. 1 and beyond. Commercial and industrial customers will see a decrease of 3 percent to 4 percent, Pacific Power officials said, depending on how the business is classified.
Pacific Power serves most major cities in Benton and Linn counties, including Corvallis, Albany, Lebanon, Sweet Home, Halsey, Harrisburg, Tangent, Philomath, Brownsville and Scio.
“This was a pledge we made and were determined to keep,” said Barb Coughlin, Pacific Power vice president of customer service. “Whenever we can pass savings on to customers, we do. In this case tax policy changes enabled us to reduce annual operating expenses. In other instances, we save money by innovating within our own operations or investing wisely in renewable energy. All of these efficiencies are designed to increase the savings and overall value we deliver to our customers.”