One of the two major suppliers of electricity in Anchorage is proposing a 22% increase in rates over the next three years.
The money quote:
"ML&P estimates that the project will save customers $4.4 million or more a year in fuel costs..."
So let me get this straight: higher rates will save money.
Oh, that's better. Here I thought the increase would be MORE expensive.
Srsly, I get it. They mean that the new plant will be more
efficient & therefore require less gas to make electricity. But
with the increase to pay for the plant, how will we ever know?