Pacific Power expects residential rates to barely budge in 2027; commercial, industrial rates would fall 6.5%

PORTLAND, Ore. (KTVZ) — Pacific Power said Thursday it has reached a settlement with Oregon Public Utility Commission staff and other parties in the company’s 2027 general rate case that would bring a .03 rate increase next year.

Pending final approval by the commission, residential customers would see a net average increase of about 0.3% in April 2027, compared with a uear ago.

Lower power costs and and other price changes in 2026 and early 2027 would almost entirely offset a 9% general rate case increase that would take effect in April of next year, Pacific Power said.

Over the same period, commercial and industrial customers would see a net average decrease of about 6.5%.

"We know any increase is difficult, and affordability guides every decision we make," said Rick Link, senior vice president of regulation and planning. "We've worked hard to keep our overall cost increases below inflation and well below the increases customers are seeing for other essentials. This collaborative agreement reflects the real costs of providing safe, reliable electricity and supports critical investments in the grid."

The settlement reflects higher costs for poles, wires and other equipment, rising wildfire insurance costs and completed infrastructure projects. If approved, new rates would take effect April 5, 2027.

Customers who need help with their bills can apply for the Level-Based Income-Qualified Discount at PacificPower.net/LID. Depending on income, the program lowers bills by 20% to 80%. Bill support, budget billing and energy-efficiency rebates are also available. Learn more at PacificPower.net/OregonRateProposal or call 1-888-221-7070.

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About Pacific Power

Pacific Power provides safe and reliable electric service to more than 800,000 customers in Oregon, Washington and California. The company supplies customers with electricity from a diverse portfolio of generating plants including hydroelectric, natural gas, coal, wind, geothermal and solar resources. Pacific Power is part of PacifiCorp, one of the lowest-cost electricity producers in the United States, with over two million customers in six western states. For more information, visit PacificPower.net.