The growth that the state is experiencing requires us to pursue increased investment. Given our obligation to serve, there isn't another option. Electric rates are still an excellent value and will remain so even if the company gets the full effect of the increase. Rates on average will still be lower than they were 20 years ago.
More Quotes from Dave Eskelsen:
We kind of have to go where the growth is.Dave Eskelsen
Return on equity is not a guaranteed rate of return. In fact, the company since 1998 hasn't earned anywhere near its authorized rate of return.
Dave Eskelsen
We think we'll be able to demonstrate convincingly that other states aren't subsidizing fast-growth states, specifically Utah. These plants are system-wide resources that provide a benefit to the entire PacifiCorp system in terms of reliability and voltage support.
Dave Eskelsen
You're always going to get a certain number of citations. It's similar to what might happen if a traffic officer sat behind each of us as we were driving.
Dave Eskelsen
In this case, we're seeing the full effect of a very rigorous capital expenditure program based on customer demand. Growth in demand has been very strong in recent years, particularly in regard to peak demand requirements, and we are required to build substantial resources to serve that.
Dave Eskelsen
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