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March 16, 2010 Commissioners approve electric, water rate increasesEugene Water & Electric Board commissioners on Tuesday night approved modest increases in electric and water rates following the second of two public hearings. Commissioners unanimously approved an overall 1.9 percent increase in electric rates, and a 7.3 percent overall increase in water rates. The rate changes will differ depending on customer class. For the average EWEB residential customer, the 2.5 percent electric rate increase will amount to an additional $1.96 per month. The rate increase will position EWEB to address financial issues such as completing capital projects that include the new Roosevelt Operations Center in west Eugene and relicensing the Carmen-Smith hydroelectric project, as well as acquiring new generating facilities and power contracts. Slightly raising electric rates this spring could also prevent double-digit increases in 2012 and 2013. The average residential water customer will see an increase of 5.2 percent, or about $1.10 per month. The proposed water rate increase will allow EWEB to continue its 10-year, $130 million capital upgrade of the city’s water system to ensure reliable service and the delivery of high quality water. The effect of the rate actions will raise the average residential customer’s combined electric and water bill by about $3 per month. The rate increases will go into effect on May 1, and will be reflected on May billing statements. Read more about EWEB's electric rates and water rates. |
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