The commissioners have approved ELECTRIC RATE ADJUSTMENTS for all services, see index below, of Tariffs as recommended by Electric Cities of Georgia and increasing the Environmental Compliance Cost Recovery (ECCR) from $.0065 to $.0067 effective 01/01/2018.
Revenue increase would assist in meeting demand of increase wholesale power cost and projected debt of Vogle expansion.
Proposed rate adjustments would result in the following approximate revenue increases:
The commissioners also approved a WATER AND WASTEWATER RATE INCREASE to cover new debt for the construction of the Flint River Pump Station, Potato Creek Wastewater Treatment Plant, Cabin Creek wastewater Treatment Plant and the Head Works and Dewater of Shoal Creek Sludge Ponds.
The Commissioners indicated they had three options to consider.
Option #1 provides a 9% revenue reserve for emergency repairs to system. In the future, when Harry Simmons Water Treatment Plant needs to be upgraded, 100% of the upgrade may be bonded at that time. By selecting Option #1 if some major failure of the aging Harry Simmons Water Treatment Plant (HSWTP) occurs, there would be funds available to address the issue.
Option #3 provides a lesser reserve of 5% (instead of 9%)
Option #2 provides no reserve for future HSWTP upgrade.
By a 4/2 vote The Commissioners chose option #2 which has the smallest rate increase but provides no reserve for future HSWTP upgrade.
01/01/18 3.75% for both water and wastewater
07/01/19 2.50% for both water and wastewater
07/01/20 2.00% for both water and wastewater