Consultant recommends 2.75% electric rate increase to preserve Oak Ridge utility finances
An external rate consultant recommended an October rate adjustment that would raise utility revenue about 2.75% (roughly $1.6 million) to respond to rising O&M and capital costs, TVA wholesale cost changes and a damaging grid access charge; council was briefed but did not vote.
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Rate consultant Chris Mitchell presented a long‑range financial review of the city's electric utility and proposed a modest rate increase of 2.75%, to take effect in October, to stabilize cash and fund needed pole, conductor and substation work. Mitchell said the increase would generate an estimated $1.6 million and keep the utility from falling behind amid rising operations and maintenance costs and changes in TVA's wholesale charge structure.
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