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Council approves 9.5% annual electric-rate increase for 2026–27, cites rate study
Summary
Council adopted Ordinance 57-43 on final reading to set electric rates for 2026–2027, approving a 9.5% per-year increase recommended in a rate study; staff said the adjustment was based on current budgets and that the AMI system is being expanded.
The Fremont City Council approved Ordinance 57-43 on final reading, authorizing a 9.5%-per-year increase in electric rates for 2026 and 2027 after staff presented a rate study prepared by John Kratzky.
Jeff Shanahan, Fremont's utility manager, said the study and the city's budget projections support the increase. "The rate study was done by John Kratzky, based on the budgets that we're currently in," Shanahan told council. There was no public opposition during the meeting.
Council members moved and seconded the final-reading motion and voted 8–0 to adopt the ordinance. The change will be incorporated into the city's municipal rate schedules as specified in the ordinance and will take effect according to the schedule in the ordinance text.
