See why your electric bill could go down — even during the scorching summer heat

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Salt River Project is looking at an $18.8 million reduction in electricity prices. The price cut would be for the May to October billing cycles and translate into a 1 percent reduction for customers. The Tempe-based utility has more than 1 million Arizona customers. SRP’s board will consider the six-month rate cut at its March 27 meeting. The move would cut summer electricity prices in the Phoenix area served by SRP. Officials said the lower summer rate being considered would save the typical...

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