Rates Home
|
Current Rates:
Map
List
Rates History: Summary Table
Detail
City Light Rate Adjustment
Effective January 1, 2010
The Seattle City Council, by ordinance 123178, adopted November 23, 2009, approved a 13.8 percent increase in City Light’s rates, effective January 1, 2010. This is an across-the-board rate increase applied to each element of each rate schedule; therefore, all rate classes will receive the same increase.
The Power Factor charge, the Reserved Distribution Capacity charge (Schedule RDC), and duct, vault and pole rental rates are not affected by this rate adjustment.
Other Changes
- Financial policies and targets: The debt service coverage target for 2010 was reduced from 2.0 times coverage to 1.8 times coverage.
- Duct, vault and pole rental inventory penalties: Any installations or attachments not identified in the lessee’s inventory shall be charged at five times the rental rates plus interest. The interest charged is to be at the statutory nominal percentage rate, compounded monthly. In addition, in the event the lessee fails to submit an annual inventory, the lessee shall also reimburse City Light for all costs, including loaded employee time, associated with performing an inventory of lessee’s use of City Light facilities.
- Automatic BPA Cost Adjustment: Energy charges will be increased or decreased by the BPA increment for all rate schedules except for low income rate schedules. Energy charges for low income rate schedules will be increased or decreased by 40 percent of the BPA increment.
Rates Home
|
Current Rates:
Map
List
Rates History: Summary Table
Detail
|
