{
    "success": true,
    "data": {
        "id": 1456772,
        "msgid": "pln-may-seek-approval-to-raise-rates-1447893297",
        "date": "2004-09-29 00:00:00",
        "title": "PLN may seek approval to raise rates",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "PLN may seek approval to raise rates PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned power utility, may consider asking the government to increase electricity prices next year to help the company cope with soaring fuel prices. An increase in crude oil price by 10 percent boosts the utility's fuel costs by Rp 1.5 trillion (US$162.6 million), PLN president director Eddie Widiono said.",
        "content": "<p>PLN may seek approval to raise rates<\/p>\n<p>PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned<br>\npower utility, may consider asking the government to increase<br>\nelectricity prices next year to help the company cope with<br>\nsoaring fuel prices.<\/p>\n<p>An increase in crude oil price by 10 percent boosts the<br>\nutility's fuel costs by Rp 1.5 trillion (US$162.6 million), PLN<br>\npresident director Eddie Widiono said. The company had planned to<br>\nspend about Rp 15 trillion this year to buy oil to fuel its power<br>\nplants, based on the assumption that crude oil prices are at $22<br>\na barrel, he said.<\/p>\n<p>\"Right now we're trying to use more gas or coal to minimize<br>\nthe impact on rising oil prices,\" Eddie told reporters in<br>\nJakarta. \"We're still calculating to see whether we need to ask<br>\nthe government to increase electricity rates.\"<\/p>\n<p>Crude oil futures in New York have gained 77 percent in the<br>\npast year as economic growth in China and the U.S. spurred<br>\ndemand. It rose to a record $50.47 a barrel in New York earlier<br>\ntoday.<\/p>\n<p>PLN had a loss of Rp 3.56 trillion, or Rp 77,176 a share, in<br>\n2003, compared with a loss of Rp 6.06 trillion, or Rp 131,423, a<br>\nyear earlier, the utility said in June. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pln-may-seek-approval-to-raise-rates-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}