Municipal utility customers in Chillicothe may notice a 3.3 percent increase on their next electric bill. Click to hear KMZU’s Chelsea Wade talk with CMU General Manager Jim Gillilan:
According to Gillilan, the changes will allow the company to operate in the black. “Some of the contributing factors to the increase included about a 3.2 percent increase in our wholesale power cost and also a 15 percent reduction in capacity credits that we receive for our peaking generation. That results in about a revenue lost of $130,000 for the upcoming fiscal year.”
The average residential customer will see their bill go up in April by about $2.54 per month.
“The last time we raised rates was in October 2008,” Gillilan said. “But we have since had two rate decreases. One in December 2010 of 3.2 percent and a 5.8 percent decrease in January 2009.”