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Oak Ridge council approves 2.75% electric-rate increase effective Oct. 1, 2025
Summary
Council approved a 2.75% increase to standard retail electric rates effective Oct. 1, 2025, to support near‑term distribution work and longer‑term system investments; staff said TVA notification and potential custom studies for very large users may follow.
Council voted to approve a 2.75% increase in standard service local retail electric rates, effective Oct. 1, 2025, and to amend the power contract with the Tennessee Valley Authority accordingly. Council member Cross said the increase is part of a multi‑year plan to replace aging conductor and to prepare for future capital work including transformer replacements at substations.
Cross described methodology options for how the percentage could be applied across classes and said the recommended approach is an even percentage across standard service classes; larger industrial customers in B and C classes (over 5,000 kW) would require separate analysis with TVA for custom adjustments. Councilwoman Smith asked whether the adjustment would apply to total retail revenue including TVA fuel‑use surcharges; staff explained the consultant presented several methodologies and that the chosen approach would be evenly applied across standard classes. The ordinance authorizing the rate increase and contract amendment was adopted by voice vote.
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