During the Tuesday, July 18 special Board Workshop focused on customer rates, the Tillamook PUD Board of Directors made a decision to postpone any rate actions until after the 2017-2018 winter season.
This decision has come after the Bonneville Power Administration (BPA) announced in June that they will raise their power rates by 5.5 percent effective October 1, 2017.
Based on PUD staff recommendation, the Board of Directors agreed that the District will be able to meet the revenue requirements of the utility and incur the additional power costs from BPA, while maintaining current customer rates through the 2017-2018 winter. This is feasible due to a combination of several factors, including; a slight increase in power load, colder weather during the 2016-2017 winter months, the ability to use rate stabilization funds and limiting the PUD operating budget.
In the spring of 2018, PUD staff will review the need to adjust customer rates based upon analysis of the 2017-2018 winter temperatures, continuation of load growth and performance of the District.