EPB Asks For Rate Increase
They are asking the Board of Directors approve the rate hike at a vote in June.
It would take affect on July 1st.
EPB officials say it would be their first rate increase since 2011.
They say revenues from Fiber Optics have allowed the utility to defer rate increases over the last four years.
But now they need the money because of a combination of storm repairs and peak energy demands over the last few years..
If you use a thousand kWh of power a month, the rate high would add $3.50 to your monthly bill.
The 3.5% change includes increases to EPB’s base energy rate and the monthly customer charge.
“EPB is committed to delivering reliable energy and the best possible value to our customers,” said president and CEO Harold DePriest. “With this rate increase, we are committed to holding the line on additional rate increases for several years.”