Electric cost adjustment decrease

 Electric cost adjustment decrease

Earlier this month (March) we proposed a decrease to the electric cost adjustment (ECA), which would mean a monthly decrease of $.72 for a typical residential customer, a $7.20 decrease for commercial customers and a $480 decrease for industrial customers. City Council approved the decrease - effective April 1 - at its meeting on March 24.

The adjustment is due primarily to the decrease of natural gas prices, which lowers the cost for Utilities to generate electricity, as well as due to the Drake Power Plant Unit 5 coming back into service in March.