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Clallam PUD to Decrease kWh Rates in 2023
At the Board of Commissioners meeting of September 26, 2022 the PUD Commissioners voted to cancel the budgeted rate increase previously approved for 2023 and instead, approved a 1.00% decrease in all kWh rate classes and a 0.00% change to the Basic Customer Charge, effective April 1, 2023.
At the prior meeting of September 12, 2022, Assistant General Manager John Purvis reported that the Bonneville Power Administration (BPA) reported strong financial projections that placed their cash-on-hand reserves above their 120 threshold of $600 million. This triggers the rate case maximum Reserve Distribution Clause for 2023, which results in rate relief for preference customers, including Clallam PUD. General Manager Sean Worthington announced that the District could cancel it’s approved 2023 rate increase. The Commissioners directed staff to bring forward a resolution at the following meeting for a vote. Resolution 2251-22 was adopted subsequently which also suspended the current Transformer Capacity Charge during the duration of the BPA 2023 Reserve Distribution Clause, which ends on September 30, 2023, and will be refunding year-to-date collected Transformer Capacity Charges. General Manager Sean Worthington credited the decision to the District’s dedicated adherence to the Strategic Plan, strong fiscal management, award-winning internal controls as well as the benefit of being a public power preference customer of BPA.
Clallam PUD is fortunate to receive its power from over 95% clean, renewable, affordable and carbon-free sources, largely due to BPA’s federal hydropower system.