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Financial consultant advises 38% Conventional Rate Case before Well work begins
Summary
Ehlers Financial recommended the Village implement a 38% Conventional Rate Case (CRC) before beginning Well 5 construction and modeled customer bill impacts of both well-location options; filing before July 31 was urged to limit rate increases.
Brian Roemer of Ehlers Financial presented a rate study tied to the two Well 5 engineering options and urged the Utility to file a Conventional Rate Case (CRC) before July 31. "Roemer explained the lack of recent rate studies shows the Village should implement a 38% rate increase before the Well Project," the presentation said; the firm modeled that 38% CRC to be the first step, followed by Simplified Rate Cases in subsequent years.
Roemer showed the estimated customer impact under Option 1 to be about $36 per quarter in the first year (based on 12,000 gallons per quarter usage) with a 10-year overall increase to $58 per quarter. For the relocation option, Ehlers modeled two sequential CRCs — the first similar to Option 1 followed by a second CRC around 35% — producing a modeled 10-year increase of about $99 per quarter.
