Grays Harbor PUD Warns of Proposed BPA Rate Increase
The preliminary 2013 operations and maintenance budget totaling $110.5 million assumes a 5% rate increase driven mainly by increased BPA costs as well as increased costs for compliance with state mandates for investments in renewable resources. In addition, the budget is based on a revenue forecast that projects continued declines in revenues from the sale of surplus power into power markets and little change in retail revenues.
“With power supply costs making up 60-70% of the operations and maintenance budget, rising costs including BPA rate increases continue to be a significant challenge. This initial proposal by BPA is not a done deal and we will be an active participant in the rate case to ensure any impact on our ratepayers is minimized,” said Rick Lovely.