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Monterey One Water outlines $500 million capital plan, signals potential 8% rate increase
Summary
Monterey One Water officials told Seaside council the utility faces roughly $500 million in capital needs over five years and will begin Proposition 218 rate-notice steps; preliminary modeling estimates an about 8% increase in year one that would lift the typical single-family sewer bill from about $54 to roughly $58.32 per month, subject to board decisions and financing.
Paul Sciuto, executive officer of Monterey One Water, told the Seaside City Council on March 5 that the regional wastewater provider faces major capital and operating pressures and will ask its board for direction on a Proposition 218 rate notice in the coming months.
“We’re going to the board in March … requesting a Proposition 218 rate increase,” Sciuto said, explaining the agency manages roughly $1 billion in treatment and pump-station assets and currently treats about 17 million gallons per day of wastewater with a 30 million-gallon-per-day capacity. He said staff are preliminarily modeling about $500 million in capital work over the next five years and that preliminary numbers indicate an approximately 8% increase in the…
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