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Pasadena opens hearing on proposed electric rate increases; council continues matter for more study
Summary
Pasadena Water and Power told the council March 2 that cost and capital needs require revenue increases; staff proposed three 7% tranches phased over the coming year. The council opened the public hearing and continued it to March 23 for additional review and public input.
Pasadena Water and Power (PWP) opened a public hearing March 2 on proposed electric-rate adjustments and presented a cost-of-service study showing residential under-recovery. Staff proposed a phased approach of three 7% increases (phased over two fiscal years) to close the revenue gap while using reserves to smooth impacts for residential customers.
What staff…
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