Starting on January 1, Black Hills Energy customers will pay more each month. The Colorado Public Utilities Commission has granted the utility a 4.91 percent rate increase.
The increase will average about $17 per month for the average customer and $63 per month for the average small business.
Throughout 2012, the increase will shrink to $11 per month increase for customers, and $40 per month for business owners. It will be entirely eliminated by November of 2012.
The purpose of the increase, according to VP of Electric and Gas Service Christopher Burke, is to recover costs of construction and building of the new $487 million Pueblo Airport Generation Station.
The power plant will go online January 1.