Base rates changes are presented each year to support the budget. Because of the major capital needs, we presented a five-year rate case in 2024. The rate case includes increases across all four services for 2025-2029.
The base rate increases needed to support our five-year plan range from 4% to 9% each year for base rate increases, for each individual service.
Revenue from the base rates support the annual budget. We are facing a period of historical demands and industry change.
Our 2026 budget is estimated to be ~2.2 billion - a 23% increase over the already record-setting 2025 budget.
Customer bill impacts
In 2026, the total impact is estimated to be $14.87/month on a typical four-service residential bill, $70.85/month on a typical commercial bill and $2,021 on a typical industrial customer bill.
These examples are based on the following:
- Residential: 30 days of 700 kilowatts/hr of electric, 60 ccf (hundred cubic feet) of natural gas, 1,100 cf of water, 700 cf of wastewater for residential customers.
- Commercial: 30 days of 6,000 kilowatt/hr of electric, 1,240 ccf of natural gas, 3,000 cf of water, 3,000 cf of wastewater.
- Industrial: 30 days of 400,000 kilowatt/hr of electric and 1,000 kilowatt for electric, 12,400 ccf of natural gas, 50,000 cf for water, 50,000 for wastewater.
Customer assistance and programs
We understand these increases have a financial impact on our customers. We will continue to offer customer assistance programs, rebates and efficiency programs aimed at helping customers conserve and save on their bills.
By early 2026, we will have implemented an Energy Wise time-of-day electric rate that includes lower rates for using electricity during certain times of day, known as off-peak times. Customers can take advantage of these lower rates by shifting some of their usage to off-peak times.
