RPU Board Okays Electric and Water Rate Hikes
Rochester, MN (KROC-AM News) - The Rochester Public Utilities Board has approved new electric and water utility budgets for next year that include rate increases.
The electric budget incorporates a larger than previously planned rate increase to help cover higher debt service payments for a new natural gas fueled West Side Energy Station, a potential expansion of the RPU Service Center and costs associated with the completion of the CapX2020 project. It calls for a 3.7-percent hike next year that would add a little over $3 dollars to the average residential electric bill. The rate plan approved last year called for a 1.7-percent increase.
The water budget stuck with the planned 6-percent rate hike that was part of a three year rate increase schedule that was approved by the RPU Board last year.
Both rate increases will be presented to the Rochester City Council for approval next month.
More From KROC-AM
