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Rocky Mount utilities propose rate options after staff projects $42.5M multi‑year under‑recovery
Summary
City utility staff presented three rate scenarios to close a planned multi‑year under‑recovery; residential customers would see modest average monthly increases while large industrial accounts would face substantial average annual changes under the higher recovery options.
Chris Bessler, director of energy resources, and consultant Kyle Blake presented a summary of the utilities’ projected revenue shortfall and three rate options at the Rocky Mount Committee of the Whole budget workshop.
Bessler said the utilities model shows an estimated $42.5 million under‑recovery across enterprise operations over a four‑year span if no rate changes are implemented. "We're over a 4 year span, we're gonna be 42 and a half million dollars under recovered if we don't do some sort of rate increase," Bessler said on the record.
Blake and staff laid out three options that split recovery amounts across customer classes. Staff emphasized the distributional tradeoffs: lower increases for residential customers require larger increases for commercial,…
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