SALT LAKE CITY (AP) — Utah utility regulators, consumer advocates and Rocky Mountain Power are planning to announce a proposed power rate increase that could be approved in August.Rocky Mountain Power spokesman Dave Eskelsen says the increase is part of an agreement between the groups that will be made public Thursday.Esklesen says the agreement resolves a dispute over a proposed $185 million increase by the company to account for the rising costs of producing energy. The settlement is revising that rate increase.Public Service Commission spokeswoman Julie Orchard says the settlement will close four pending administrative cases.The commission has scheduled meetings for Aug. 3 and 4 to discuss the settlement and is planning an Aug. 8 public hearing. The commission will then decide whether to authorize the rate increase.
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