GLASGOW, U.K., Nov. 12, 2004 (PRIMEZONE) -- ScottishPower announces that on 12 November 2004, its U.S.-regulated subsidiary, PacifiCorp, filed a general rate case request with the Oregon Public Utility Commission (OPUC) for approximately $102 million related to increases in operating costs, including fuel, purchased power, pension and other employee benefit costs.
If fully approved by the OPUC, the impact to customers is expected to be a net increase of approximately 6.7% from rates in effect today, after the elimination of a surcharge on customers' bills to recover excess net power costs in place to the end of June 2005.
The company is requesting an allowed rate of return on equity of 11.125%, in line with recent requests in other states, and the rate case is expected to be resolved in September 2005.
This information is provided by RNS The company news service from the London Stock Exchange