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Pasadena approves phased electric rate increases to fund grid upgrades; council asks staff to reassess before final tranche
Summary
Council approved a three‑phase rate adjustment to fund capital reinvestment and grid hardening, with phased increases and protections for low‑income customers; council directed staff to report back after Phase 2 to determine whether Phase 3 remains necessary.
Pasadena City Council on March 23 approved a staff‑recommended, three‑phase rate plan for Pasadena Water & Power to support planned capital reinvestment and grid‑hardening work. The plan phases system revenue increases (Phase 1 in April 2026, Phase 2 on Oct. 1, 2026, and Phase 3 on March 1, 2027) to reduce the risk of one‑time rate shock while recovering costs staff says total roughly $68 million of additional revenue needed for upcoming capital investments and operating requirements.
General Manager David Reyes and utility CFO/consultant Lynn Chaimowitz told the council the utility remains in strong financial position and has not increased base rates comprehensively…
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