As a customer-owned utility, we do not operate to earn a profit or to serve the investment needs of stockholders. Prices are based on the costs to serve our community with safe, reliable water and electricity.
We work hard to control costs and operate as efficiently as possible. For five years, from 2017 - 2021, we were able to maintain funding for valuable limited income assistance programs, conservation incentives, and infrastructure investments without increasing electric and water prices.
In recent years we avoided price increases by managing the costs that we could control, such as delaying or reducing certain capital projects, and restructuring debt. Some costs, such as the price of purchased power, are out of EWEB's control, but smart financial management allowed EWEB to absorb multiple years of price increases from Bonneville Power Administration (BPA) into the budget without passing along a change to customers.
After five years of no increase, rising costs of operations and the need to repair aging infrastructure required an increase in the price of water and electric services in 2022. However, maintaining affordability will always be an important principle.
Our 2022 budget reflects investments to ensure we can continue to provide safe and reliable water and electricity even as critical infrastructure ages and new challenges arise.
At their July 2022 public meeting, EWEB's elected Board of Commissioners kicked off a multi-month planning process that will culminate in December with adoption of a 2023 budget and rates for electric and water customers.
Your rates reflect the costs of providing clean, safe, reliable electricity and water.
In 2022, residential rates increased for the first time in five years. Looking ahead, a variety of long-term critical projects coupled with short-term supply chain and inflationary pressures and a dynamic power supply market are likely to impact the prices customers pay for water and power.
The July meeting was the first in a series of public meetings during which your elected Board of Commissioners will provide feedback and direction on spending for major capital projects and potential price changes for customers.
Summer through fall, EWEB staff use direction from the Board to develop a proposed spending budget for the following year. With the exception of funding for large infrastructure projects, EWEB aims to keep rate increases in line with general inflation.
The final budget is adopted in December following public hearings during which our customer-owners are invited to provide testimony on any proposed adjustments. The first public hearing on the upcoming budget is scheduled for Oct. 4, 2022.Read more...
City of Eugene residents elect five commissioners to four-year terms to form the EWEB Board of Commissioners. The elected Board is responsible for overall governance of the utility.