Warm winter weather results in electric rate decrease
At its Feb. 28 meeting, City Council approved a decrease in customer electric rates, which went into effect March 1.
The electric cost adjustment reduced the typical residential electric bill by $3.06 per month, or 3.9 percent.
With very soft natural gas prices and unusually warm temperatures, there may be another reduction on the horizon. Our pricing and rates staff initiates Electric Cost Adjustments and/or Gas Cost Adjustments in a timely manner to respond to fluctuations in market price and consumption. As a non-profit, community-owned utility, we pass changes in fuel costs--up or down--directly onto our customers.
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