News
Rate Adjustment
Beginning April 4, 2005, Tacoma Power's electric rates
rose a system-wide average of 5.2 percent.
The adjustment was necessary because of higher costs to serve
customers. The key reasons include:
-
Implementing the Federal Energy Regulatory Commission
hydroelectric plant licensing requirements
-
Returning to a policy of issuing bonds to fund 50 percent of
our renewal and replacement capital projects, and funding the remaining 50
percent from rates
-
Higher Bonneville Power Administration costs
-
Costs to accommodate growth, new technology based services,
and security requirements
Tacoma Power bases its rates on the cost to serve each class
of customer. Tacoma Power staff continues to strive to keep rates as low as
possible. The table below shows that Tacoma Power's new rates remain competitive
with rates of other major utilities in our region.
|
|
(Rates as of April 4, 2005)
|
|
Tacoma Power |
Puget Sound
Energy (1) |
Seattle
City Light |
Snohomish
Co. PUD (1) |
|
Bill |
Bill |
Higher than Tacoma |
Bill |
Higher than Tacoma |
Bill |
Higher than Tacoma |
| Residential 1 (1,200 kWh/mo.) |
$960 |
$991 |
3% |
$1,061 |
11% |
$1,211 |
26% |
| Residential 2 (2,500 kWh/mo.) |
$1,928 |
$2,127 |
10% |
$2,392 |
24% |
$2,523 |
31% |
| Small Commercial (9,000 kWh/mo. & 30
kW) |
$6,926 |
$8,367 |
21% |
$6,480 |
-6% |
$8,320 |
20% |
| Large Commercial (2)
(616,850 kWh/mo. & 1,300 kW) |
$332,207 |
$518,799 |
56% |
$447,102 |
35% |
$504,342 |
52% |
| High Voltage Industrial (5,840,000
kWh/mo. & 10,000 kW) |
$2,565,381 |
$3,583,042 |
40% |
$3,792,442 |
48% |
$4,024,754 |
57% |
| (1)
Includes an effective 6% tax levied by a city or town for comparison
purposes only. |
| (2)
Downtown network |
For more information, call Tacoma Power at 253-502-8377, or send an e-mail to
power@cityoftacoma.org.
|
