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Coldwater BPU approves rate adjustments, cites MISO auction and state renewable mandates
Summary
The Coldwater Board of Public Utilities approved a resolution to adjust its electric base rate and power cost adjustment mechanism, citing recent MISO auction results and upcoming state renewable-energy requirements that will influence future supply costs.
The Coldwater Board of Public Utilities on July 2 approved a resolution to adjust the electric base rate and the power cost adjustment (PCA), with the change to be forwarded to the City Council for final approval.
Utility Director Jakubzak told the board the proposed change raises the base energy component from 6.7¢ per kilowatt-hour to 7¢ per kilowatt-hour and would reduce the variable PCA customers see. “By doing that, our PCA is going to drop,” Jakubzak said, and the board discussed the measure as intended to shift a portion of variable supply cost into a more fixed base rate to reduce month-to-month volatility for customers.
The board packet included recent MISO…
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