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2013 PUD Budget Includes 8% Rate Increase

December 18, 2012

Facing higher costs, the Grays Harbor PUD Board of Commissioners approved an 8% rate increase effective January 1. For the average residential customer, the rate increase will result in an increase of $7.51 on their monthly bill, not including taxes.

“In 2013 we anticipate spending $4.04 million for renewable resources,” said Rick Lovely, General Manager of Grays Harbor PUD. “That is an increase of $280,000 over last year and these costs are continuing to rise as the mandates for renewable resources stair step up to the requirement of 15% in 2020. The challenge we face is we are required to invest in these resources, which are more expensive than BPA power, despite the fact that we don’t need it to serve customers,”.

The rate increase also reflects an anticipated increase in rates by the Bonneville Power Administration. “BPA rates continue to rise and we are anticipating increased costs for the power we purchase from BPA,” said Lovely. The PUD projects an increase in BPA power costs of $1 million in 2013.

The PUD will be funding its $7.5 million capital budget from revenues rather than assuming additional debt.

PUD

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