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Redding Electric presents five-year plan, proposes rate increases and capital ramp-up
Summary
Redding Electric (REU) presented a five-year financial plan that includes multi-year rate adjustments, increased capital spending to replace distribution infrastructure, and continued wildfire-mitigation expenses; council accepted the presentation.
Redding Electric (REU) presented its proposed budgets for fiscal years 2026–27 and a five-year financial plan that anticipates multi-year rate increases, increased capital investment to replace aging distribution infrastructure and continued spending on wildfire mitigation.
REU’s presenter said the utility is focused on four priorities: retail sales growth, power-supply and wildfire mitigation costs, filling vacancies without requesting new positions in this budget cycle, and a significant capital-investment program to address deferred replacements. The presentation said FY26 expenditures are projected at about $192.8 million and FY27 at about $198.7 million, representing roughly a 3%…
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