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City hears utility rate study recommending multi-year increases, net‑metering change
Summary
Consultants presented a utility rate and cost-of-service study recommending an 8.5% annual electric and water rate increase for several years, smaller sewer rises, and phased changes to the city’s net‑metering credit. Officials asked follow-up questions about data‑center impacts, reserve targets and solar customers.
Consultants from NewGen Strategies and Solutions presented the city council with a multi-year utility rate and cost-of-service study outlining proposed increases to electric, water and sewer rates and a recommended reform to the net‑metering credit.
The study’s headline recommendation was an 8.5% annual increase to electric revenue for the next five years and an 8.5% annual increase for water for fiscal years 2026–2028 (then inflationary increases thereafter). The consultant proposed 3% annual increases for sewer. NewGen stressed the increases were intended to restore reserve targets, fund planned capital work and maintain service levels while keeping the utility self‑sufficient.
Why it matters: the study responds to rising operation and maintenance costs, planned capital investments that have been funded partly with cash reserves, and unstable wholesale power costs. Without the recommended revenue increases the consultants projected the utility would draw down reserves below policy…
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