Grays Harbor PUD adopts rate increase, will revisit second increase in July
ABERDEEN, Wash. – Rates are on the rise at the Grays Harbor PUD, General Manager Dave Ward tells us the increasing cost of power from the Bonneville Power Administration is just one factor “You know we have aging infrastructure, we’ve got to continue to put our dollars back into our system. We have some retirements coming up too, so we’ve got to start planning for a little bit of succession planning. So we’ve put some focus on that, back to the basics of providing good service.
Ward said the utility will revisit a possible second rate increase in the coming summer. “We’ve elected to split that, see how we do through the winter with the wholesale power market. See other ways we could reduce our costs, and try to reduce as much as we can come July.
For the average residential customer, the 3.75% increase will add about $4.11 to their monthly bill, effective January first.
As we reported earlier this month, the PUD is facing almost $2 million in increased power costs this coming year, mostly due to the Bonneville Power Administration, from whom the District purchases most of their power, raising their transmission rates by 11% and their power rates by 9% this past October. The utility’s capital budget also calls for $10 million in expenditures deemed necessary to replace aging electrical equipment and to maintain the system.