Grays Harbor PUD propose rate increase for 2014
Rising power costs prompted the Grays Harbor PUD to propose a rate increase of 3.75%, which would take effect on January 1. The proposal will be presented to the Board of Commissioners at their board meeting next Monday as part of the 2014 budget. For the average residential customer, the rate adjustment will result in an increase of $4.11 on their monthly bill.
The PUD is facing almost $2 million in increased power costs this coming year, mostly due to the Bonneville Power Administration, who raised their transmission rates by 11% and their power rates by 9% this past October. The budget also calls for $10 million in costs to replace aging equipment and to maintain the system.
General Manager Dave Ward is working with staff to lower costs and postpone projects into future budget years when possible. “The PUD staff has worked hard to reduce our budget as a means to mitigate the impacts felt from external costs. We will continue to look for ways to reduce expenses while not negatively impacting our ability to provide safe and reliable service,” Ward said.
Prior to July 2014, the PUD will evaluate the need for an additional rate increase up to 1.75%.