CPS Energy has dropped plans to seek a long-anticipated rate increase this year "after looking at the numbers and our plan," said spokeswoman Lisa Lewis. The City-owned utility can make do, she added – until 2013.
In 2010, the City Council OK'd a 7.5-percent electric rate increase and a 8.5 hike for natural gas. The understanding at the time was that the utility would return for increases every other year for 10 years. But the business, Lewis said, is healthy enough to maintain without imposing higher rates on customers.
"If we don't really need it," she said, "why ask for it?"
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