Idaho Falls Power
by Laura Berg
|Fiscal Year||Total F&W
Idaho Falls Power officials said in a news release the rate increase would be effective Oct. 1, if it's approved by the Idaho Falls City Council. Under the proposed rate structure, the average Idaho Falls Power residential customer using 800 kilowatt-hour per month can expect to see a $4.16 increase in their monthly bill, the release said. Actual rates will vary depending on electric consumption.
Idaho Falls Power General Manager Jackie Flowers explained in the release that the Bonneville Power Administration provides the majority of the power consumed in Idaho Falls and is the utility's single largest expense in its annual operating budget. She said the utility absorbed a 9 percent increase from the Bonneville Power Administration in 2015.
"We have worked to minimize the impact to customers by delaying some previously planned system improvement projects while still maintaining a reliable electric grid and providing quality customer service," Flowers said in the release.
Included in its rate adjustment proposal, Idaho Falls Power also proposes to credit $1.3 million back to customers through the Power Cost Adjustment mechanism over the next 12 months.
"Even with these rate increases, Idaho Falls Power will still offer one of the lowest electric power rates in the region and nation," Idaho Falls Mayor Rebecca Casper said in the release.
The City Council will hold a special meeting and public hearing on all purposed fee increases at 7:30 p.m. Aug. 17 in the Council Chambers, City Annex Building, 680 Park Ave. The meeting will be streamed live via the city's website and archived for later viewing.
For information, including budget presentations, calendars and fee resolutions, see budget links on the home page of the city's website, idahofallsidaho.gov.
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