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Public commenters, councilmembers press for more electric-utility transparency after rate and reserve moves
Summary
Public commenters and councilmembers urged quarterly reporting on power costs, revenues and capital projects and asked for greater utility commission involvement after council adopted a larger electric reserve target the prior night.
Members of the public and councilmembers at the budget workshop urged clearer, more frequent reporting on the electric utility’s finances and use of the power-cost adjustment (PCA). Public commenter Mr. Delatorre told the council that quarterly reporting on three items — cost of power, revenue, and capital improvement projects — would give policymakers and residents a clearer picture of the utility’s status. "I think all you need are three things: cost of power, how much…
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