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BPA RATE INCREASE ADDS TO SEATTLE CITY LIGHT'S COSTS

 SEATTLE, July 2 /PRNewswire/ -- The Bonneville Power Administration's announced 15.7-percent rate hike will increase Seattle City Light's overall costs by about $6.2 million in 1994. However, Seattle City Light has already accounted for most of the BPA increase in its current rates City Light announced today.
 Seattle City Light buys about 20 percent of its retail electricity from BPA, at a cost of about $40 million annually. However, Seattle City Light's current rates, which went into effect May 1, already anticipated that average BPA rates would rise by 11.7 percent in October 1993. The higher than anticipated BPA power prices will add an additional $1.5 million -- or one half of one percent -- to Seattle City Light's 1994 revenue requirements.
 Whether or not Seattle City Light can absorb these higher costs without raising its own rates will depend upon a number of factors, most notably water conditions over the next 18 months.
 -0- 7/2/93
 /CONTACT: Scott Forslund of Seattle City Light, 206-386-4233/


CO: Seattle City Light ST: Washington IN: UTI SU:

JH-LH -- SE008 -- 8341 07/02/93 17:58 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:185
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