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October 22, 2014, 7:10 am
970 WMAY News

CWLP: No Way To Predict Size Of Electric Rate Hike


The chief engineer at City Water Light and Power says that while the utility will almost certainly ask for an electric rate increase next year, it's impossible to say at this point how big the rate hike might be.

 

Eric Hobbie says the electric fund has been hurt by rising costs... especially the high cost of federal regulations... and by a sharp decrease in the money CWLP can make selling its energy on the open market.

 

But Hobbie says the utility can get by for the rest of this year, and it's too soon to know what the situation will be next year.  Hobbie says any attempt to predict the utility's needs next year would almost certainly be wrong.

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