Business in brief: Home delivery price going up today
Home delivery subscriptions to The Spokesman-Review will increase 25 cents a month starting today.
The new seven-day subscription rate will be $14.75 per month in Spokane and Kootenai County; and $15.25 in other parts of the newspaper’s 15-county primary circulation area. Weekend subscriptions will also see a 25-cent per month increase.
The newsstand price will remain at 50 cents daily (75 cents in some areas) and $2 on Sunday.
The rate increase was necessary due to rising costs for gasoline, postage for subscription billing, and newsprint, said Shaun O’L. Higgins, the newspaper’s director of sales and marketing.
The price will not increase for people who subscribe to the newspaper’s online or digital facsimile editions or for those who pay by automatic credit-card or bank account transfers. For other subscribers, the paper will honor current subscription rates through their expiration.
– Staff reports
Boise
Electric rates rising for Eastern Idaho
The price of electricity in Eastern Idaho is about to get a little more expensive.
Starting today, power rates for customers of Rocky Mountain Power will increase by an average of 6.4 percent.
The Idaho Public Utilities Commission approved the rate hike this year as part of a settlement with the utility and customer groups.
The rate increase means an additional $11.5 million in annual revenue for Rocky Mountain Power, which serves about 67,000 customers in eastern Idaho. The utility initially sought a rate increase of 10.3 percent to generate $18.5 million in annual revenue.
Company officials argued that the rate hike was needed to offset the higher costs of fuel, labor, transmission and investment in new transmission lines.
– Associated Press
Seattle
South Korean airline orders five 737s
South Korea’s Jeju Air has ordered five narrowbody 737 passenger planes to accommodate future growth, Boeing Co. said Monday.
Financial terms of the deal were not disclosed.
Chicago-based Boeing, which assembles its 737s south of Seattle, said the new 737-800s are worth $370 million at list prices, though customers typically negotiate steep discounts.
The single-aisle plane can seat between 162 and 189 passengers and fly about 3,500 miles.
To date, Boeing has won more than 4,400 orders for so-called “Next-Generation” 737s, which include several models from the 737-600 to the 737-900ER.
The company has unfilled orders for more than 1,900 planes worth more than $140 billion at current list prices.
– Associated Press