As a non-profit, community-owned utility, we pass changes in fuel costs—up or down—directly on to our customers. While we monitor fuel costs monthly, we usually ask for adjustments quarterly.
Adjustments are based on a "look back" of the previously forecasted fuel costs and a "look ahead" at projections for the next quarter. Anytime customer rates are outside of plus-or-minus five percent of the costs, we file for adjustments.
In 2018, we've passed through cost adjustments in February, May and August..
In February, we decreased the GCA and made no change to ECA.
In May, we increased the GCA and decreased the ECA.
In August, we increased the GCA and decreased the ECA.
We're anticipating increases to both the GCA and ECA for Nov. 1 implementation. Current projections indicate that these changes will result in ECA rates slightly higher than in January 2018 and GCA rates slightly lower than in January 2018.
This page will be updated with amounts following the Utilities Board meeting Oct. 17, 2018. City Council will vote on the adjustments at their Oct. 23, 2018 for a Nov. 1, 2018 implementation.