Homer Electric Association’s Cost of Power Adjustment rate increase was requested to go into affect as of today.
Joe Gallagher with HEA…
Gallagher: “The Cost of Power Adjustment is adjusted quarterly, every quarter we look at our fuel costs and make those adjustments so it’s a regular process that we go through with the RCA.”
Along with that rate increase, HEA proposed raising the residential service energy rate from $0.13780 to $0.14882 per kilowatt hour. If approved by the RCA those rate changes would be effective May 1, 2015.
The last energy rate increase by HEA was approved and implemented the summer of 2013.
Overall HEA predicts the combined proposed COPA and energy rate increase requests would be a $12.91 increase in a monthly residential bill for the average HEA member using 630 kilowatt hours.
