Oil, gas leaders say electric rate hike would shrink Wyo production

Despite long-term forecasts for continually declining markets, Wyoming oil and natural gas producers have enjoyed a reprieve from the financial devastation of the 2020 pandemic shock, with production approaching pre-pandemic levels, according to the state’s analysis.

But industry leaders say a portion of those gains could be wiped out if Rocky Mountain Power is awarded its full 30% electric rate increase proposal currently being contested at the Wyoming Public Service Commission.