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FPUA board approves $1.50 per 1,000 kWh PCA increase effective Jan. 1, 2025

Fort Pierce Utilities Authority Board · November 19, 2024
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Summary

The board approved staffs recommendation to raise the power-cost adjustment by $1.50 per 1,000 kWh, moving the PCA from negative $3 to negative $0.50, with an effective date of Jan. 1, 2025; staff said the change will help maintain the rate stabilization fund and provide time for customer notification.

Fort Pierce Utilities Authority approved a staff recommendation to change the Power Cost Adjustment (PCA) by $1.50 per 1,000 kilowatt-hours, bringing the PCA from negative $3 to negative $0.50 effective Jan. 1, 2025.

Barbara Mica, FPUA chief financial officer, presented the September FMPA…

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