Oak Ridge utility staff propose developers share rising transformer costs
Electric department staff told council transformer prices have risen sharply (some units tripling in five years) and proposed a policy where developers share a portion of upfront transformer costs (suggested 50/50 splits for many projects and higher shares for large commercial customers), with more detail to come to Budget & Finance.
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The electric department briefed council on rapidly increasing transformer costs and lead times that have emerged since the COVID period. The presenter said small pad-mounted transformers used for residential development have seen costs rise threefold in five years, while larger units have risen substantially; staff noted energy-rate changes (about a 22% pass-through from TVA) have not kept pace with equipment cost inflation.
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