Approved 2014 budget and rates
At their Dec. 10, 2013 meeting, City Council formally approved Utilities' 2014 budget, mostly as proposed. The amended budget reduces the Community Investment budget by approximately $645,000, eliminating the following items:
- Economic development
- Community Focus Fund grants
- City sponsored events
- Nonprofit event sponsorship
Allocation for Project COPE agencies sponsorship remains in the budget. Council will likely revisit the Community Investment budget and funding structure early in 2013.
The 2014 budget was developed to achieve the outcomes most important to customers and the Utilities Board: competitive utility rates; safe, reliable service; and excellent customer service. Further, the proposed budget supports the financial metrics necessary to maintain a healthy “AA” credit rating, which helps keep customer rates competitive long term.
The 2014 Annual Operating Plan & Budget provides financial data based on analysis of the current budget and a forecasted five-year view. The 2014 FERC Detail is a view of the budget based on Federal Energy Regulatory Commission guidelines. The budget is a comprehensive look at the financial resources needed to achieve the Board’s strategic outcomes.
To meet these outcomes, City Council approved new rates that will go into effect Jan. 1, 2014.
Estimate rate changes - typical monthly residential bill
Natural Gas base rate
**Natural Gas GCA
Natural Gas total
The typical bill above is based on 600 kWh for electricity, 60 CCF for natural gas, 1100 CF for water and 700 CF for wastewater.
*Water rate change was approved in 2012.
**Natural gas fuel (GCA) decrease was approved on Nov. 12, 2013 and is effective Dec. 1, 2013.
Every household uses a different amount of energy and water. Enter your usage in the bill calculator to see how the proposed rate changes will affect your bill.
View the Rate Case Filing.
View the Supplemental Rate Case Filing