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Needles council approves 2¢ electricity rate cut after power‑purchase account hit threshold
2662819 · February 27, 2025
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Summary
The City of Needles authorized a power purchase cost adjustment rebate that lowers an over‑hydro rate from 0.1538 to 0.1338 and implements a 2¢ reduction effective Feb. 1, 2025, after the utility’s cost‑recovery account reached its rebate threshold.
The City of Needles approved a power purchase cost adjustment, lowering the over‑hydro rate from 0.1538 to 0.1338 and implementing a 2¢ power‑cost reduction effective Feb. 1, 2025.
City utility staff told the council the adjustment follows the utility’s policy to return money to ratepayers once the power cost adjustment account…
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