Alameda Municipal Power will raise electricity rates 3.7% effective July 1, 2010, following approval of next-year’s budget by the City of Alameda Public Utilities Board.
In a press release, Alameda Municipal Power (AMP) indicated that the utility has not raised rates in the past 5 years; AMP says that a typical household using 400 kilowatt-hours per month will see an increase of about $1.51 in their monthly bill in the coming year.
AMP attributes the need to increase rates to higher power and transmission costs outside of their control. AMP’s employee count has been reduced to pre-1993 levels, but this includes headcount reductions due to the sale of the utility’s failed cable and telecom division.
Public Utilities Board meeting materials are available online at AMP’s website.