Grant PUD commissioners set budget and electric prices for 2016

Average residential bill to increase $1.50 a month

EPHRATA, Wash. – Grant PUD Commissioners have adopted a $257.5 million budget and also set electric prices for all customer groups in 2016.

The 2016 budget, adopted on Nov. 10, allows Grant PUD customers to continue enjoying some of the most affordable energy in the nation. The budget has $7.5 million less in expenditures than the prior year.

The budget calls for a 2 percent revenue increase from local (retail) customers. The chart below, which was adopted by the commission on Nov. 24, outlines the increase for each type of customer. The allocations take into consideration the utility’s cost of serving each customer group. The average residential household is expected to see about $1.50 per month more on their electric bill (assuming 1,800 kWh).

The 2 percent revenue increase continues the utility’s strategy of small, predictable increases, which began in 2014. This long-term strategy has helped the utility keep up with rising costs and maintain financial targets while also avoiding larger price increases. A recent survey of Grant PUD customers showed that most favor seeing small, predictable increases with low percentages phased in over a number of years.

“We have a budget that allows us to provide excellent service to our customers while also fulfilling our obligations to present and future generations,” said General Manager Tony Webb. “We have challenged staff to continue to find ways to increase value while holding the line on expenses. This budget achieves both of those goals.”

Significant items in the budget include:

  • Generator replacements at Wanapum Dam
  • Turbine and Generator replacement work beginning at Priest Rapids Dam
  • Recreation improvement projects
  • On-going electric-system reliability improvements
  • Work to enhance fish passage on the Columbia River

The adopted price increases for each customer class are as follows:

 

Residential (Rate schedule 1) 1.6%
General Service (Rate Schedule 2) 3.5%
Irrigation (Rate Schedule 3) 3.3%
Streetlights (Rate Schedule 6) 0.5%
Large General (Rate Schedule 7) 1.8%
Industrial (Rate Schedule 14) 4.9%
Large Industrial (Rate Schedule 15) 0.5%
Ag Food Processing (Rate Schedule 16) 4.3%
Ag Food Processing Boiler (Rate Schedule 85) 5.0%

 

For more information visit: grantpud.org.

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Established by local residents over 75 years ago, Grant PUD generates and delivers energy to millions of customers throughout the Pacific Northwest. What began as a grassroots movement of public power has evolved into one of the premiere providers of renewable energy at some of the most affordable rates in the nation. For more information visit www.grantpud.org or follow us on Facebook and Twitter.

MEDIA CONTACT(S):

Thomas Stredwick or Chuck Allen

(509) 754-5035 / publicaffairs@gcpud.org

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