Director Barber proposes mid-year budget adjustment for electric vehicle charging rates

The SVCEA Board of Directors convened on March 12, 2025, to discuss key updates and adjustments regarding electric vehicle (EV) charging rates and budget modifications. The meeting focused on the implementation of dedicated rates for EV charging stations, which are primarily utilized by businesses that install these chargers.

During the discussions, it was clarified that the BEV (Battery Electric Vehicle) rate class is specifically designed for electric vehicle charging. This rate applies to dedicated meters used solely for charging EVs, distinguishing them from other types of electrical usage. The board noted that most customers utilizing these rates are businesses that provide charging stations for their own electric vehicles, rather than for employees' vehicles.

In addition to the EV charging rates, the board addressed the need for a mid-year budget adjustment. Director Barber inquired about the potential dollar amount for this adjustment, indicating that the board is actively working on financial modifications to better align with current operational needs.

The meeting underscored the board's commitment to supporting the growth of electric vehicle infrastructure while ensuring financial accountability through necessary budget adjustments. Further details on the specific amounts and implications of the budget changes are expected in upcoming meetings.