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PUC tells supervisors municipal power rates are far below cost; proposes phased increases
Summary
PUC staff told the Budget Committee that municipal rates charged to general‑fund departments have been frozen at 3.75¢/kWh since 2002 while cost of service is 8–9¢/kWh; they proposed a multi‑year rate‑setting package (option to raise rates ~2¢ over two years or a larger 4¢ option) to restore long‑term solvency and enable bond financing for capital and renewables.
At a joint hearing on budget instructions and utilities, San Francisco Public Utilities Commission officials told the Budget and Finance Committee that the enterprise has subsidized general‑fund departments for years and now faces a structural shortfall that threatens capital programs and renewable energy initiatives.
Ed Harrington, PUC general manager, said the…
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