NOTICE: Pending environmental lawsuit
that can potentially increase your utility
rates by 35% - 40% and have an unproven benefit to the environment
How Does Numeric Nutrient Criteria
Affect our Ratepayers?
Assuming the Authority could obtain
bond financing at its current rate of approximately 5%, a 30-year bond for $123 million dollars would add an extra
$8.02 million dollars per year to its existing debt service.
Annual power consumption for the proposed additional treatment would add an estimated $2.24 million dollars.
Operating labor and maintenance is estimated to cost an additional
$0.5 million per year. The total estimated annual cost for
the new facilities is $10.76 million dollars. This could equate to a rate increase between 35%-40% to our customers
through service rates.
04/27/2010: