At the meeting held August 26, 2020, the Board of Trustees approved new Rate Tariffs. The approved changes did not include a rate increase, but rather a rate restructure. A Cost of Service Study, which is used in the electric industry as a standard process for allocating utility revenue to the utility’s rate classes based on the costs associated with serving each rate class, was conducted. The results were similar to previous studies. The goals were to increase the Customer Charge and Demand Charge, while maintaining current rate revenue. In order to facilitate the changes, without increasing revenue, the energy charges decreased. Below is an example of the change:
