Utah Power

Utah Power, which provided electric utility to over 722,000 customers in Utah, has settled a lawsuit contending it overcharged its customers between 1999 and 2004. A Securities and Exchange Commission audit revealed that Utah Industrial Energy Consumers and MidAmerican Energy Holdings Co. collected higher electricity rates than necessary to pay income taxes. It is estimated that the settlement could mean $32 million in cost savings to Utah ratepayers. (Mar-24-06) [KUTV 2 NEWS]

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