Utility board considers rate increase.Byline: Jeff Wright Jeff Wright can refer to:
SPRINGFIELD Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. - The Springfield Utility Board is expected to vote today on a proposal to increase residential electric rates by 2.82 percent effective April 1. The rate hike, the first since September 2001, is needed to cover increased power costs, utility officials say. The increase would show up on customers' bills in May. The basic monthly charge for residential users would stay at $9, while the consumption charge would climb from a little less than 4.5 cents to a bit more than 4.6 cents per kilowatt hour Kil´o`watt` hour 1. (Elec.) A unit of work or energy equal to that done by one kilowatt acting for one hour; - approximately equal to 1.34 horse-power hour. Noun 1. . The average residential customer's bill will climb $1.68 per month, to $61.18. The increase is being sought because two contracts to purchase power at bargain rates from the Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at the end of September, said Jeff Nelson Jeff Nelson can refer to different people:
The proposed rate increase will raise about $667,000 this year, enough to cover the higher BPA BPA British Paediatric Association. rate through 2006, Nelson said. But SUB probably will need to look at another rate increase next year to cover those higher BPA costs into the future, he said. Board members will hold a public hearing on the proposed increase prior to their vote tonight. The proposed hike would affect commercial users as well and includes a new rate schedule for large users who consume more than 3,000 kwh per month at least one month of the year. Currently, only three businesses fall into the new category: SierraPine, McKenzie Forest Products and Rosboro. They would see a 2.4 percent increase in electric rates. The rate for midsize commercial users would climb 2.78 percent and the rate for small commercial users would rise by 2.82 percent, the same as for residential customers. PROPOSED PRICE HIKE SUB plans public hearing, vote Proposed increase: 2.82 percent for residential customers, 2.4 to 2.82 percent for commercial users Meeting time/place: Today, 7 p.m., SUB offices, 223 A St., Suite F Information: 746-8451 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion