COMMISSION NEWS |
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ARIZONA CORPORATION COMMISSION |
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TO: EDITORS, NEWS DIRECTORS |
DATE: November 20, 1997 |
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FOR: IMMEDIATE RELEASE |
CONTACT: Jon Poston, (602) 542-0843 |
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GRAHAM COUNTY UTILITIES RATE INCREASE APPROVED |
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Arizona Corporation Commissioners have approved a $365,660 revenue increase for Graham County Utilities, a non-profit cooperative serving approximately 4,260 natural gas customers in Graham County. The additional revenues will allow Graham County Utilities to move toward financial independence from Graham County Electric Cooperative. Rates will increase approximately 23% for all customer classes. Here is a comparison of average monthly bills: |
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Present Rates |
Company Proposed |
Approved |
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Residential Customers |
25.23 |
30.14 |
31.07 |
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Commercial Customers |
123.37 |
147.15 |
151.87 |
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Irrigation Customers |
62.34 |
75.29 |
76.75 |
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Commissioners also approved a $500,000 five year loan from Graham County Electric Cooperative to Graham County Utilities, and a $150,000 revolving line of credit, also issued by the electric coop to Graham County Utilities. |
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