|
Printable PDF
The Cost of Serving Electrical Customers
August 30, 2007
EPHRATA, WA – How much does it cost to deliver power to your home or business? Grant County PUD Commissioners have entered into a “cost of service” study to find the answer.
On Wednesday, August 29, Commissioners met with their consultant, Economic and Financial Strategies, Inc. (E&FS) of Issaquah, Wash., at a public workshop to review an update of the study to date. The session covered the financial results of the utility for 2006 as an illustration of the cost of service methodologies and focused on the allocation of the District’s revenue requirement amongst the various rate classes. 2006 was a solid financial year for the District as a result of supplemental revenues from market sale of surplus hydroelectric generation. It may not be indicative of future results.
The next portion of the study will focus on the future years of 2007-2011, in which, the picture will change significantly as Grant PUD anticipates up to $250 million for capital investment coupled with increasing power costs and the uncertainty of surplus sales.
“The Cost of Service Analysis is just one of many tools that the utility uses to evaluate the cost of serving each kind of PUD customer, be it residential, commercial, industrial or irrigation” said Commission President, Randy Allred. “Our intent is not to jump into rate discussions at this time.”
The final cost of service analysis will be completed and presented in a workshop with Commissioners in early October. Public comment is welcome during this process. Please send feedback to commissioners@gcpud.org.
# #
Grant County Public Utility District is a Washington state municipal corporation that began electric service in 1942. Owned by the people it serves, Grant PUD generates and sells electricity to Grant County residents and millions of customers throughout Central Washington and the Pacific Northwest. The Priest Rapids Project, comprised of Priest Rapids and Wanapum Dams, produces nearly 2,000 megawatts of clean, renewable and reliable electricity – enough to supply a city the size of Seattle. A leader in science based technology; Grant PUD is committed to finding effective measures for the protection, mitigation and enhancement of salmon, steelhead and other natural and cultural resources.
MEDIA CONTACT:
Sarah Morford
(509) 754-6633 / smorfor@gcpud.org |
