Tag: price of water (Page 4 of 5)

Multi-year Rate Increases: “Taking the Politics Out?”

Stacey Isaac Berahzer is a Senior Project Director for the Environmental Finance Center at the University of North Carolina, and works from a satellite office in Georgia.

In many states, ask a water utility manager the hardest part of her job and she will probably say it is facing the board/council/commissioners to ask for yet “another” rate increase! But, rate increases should happen “slowly, but surely.” At least under normal circumstances, the recommended practice is to raise rates by a little, but often enough to keep up with the rising costs of managing water resources and running a utility. So, this is, in essence, more bad news for the shy manager… not only should he request rate increases from his governing body, but he should do so often!

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Sewerage & Water Board of New Orleans Gains Rate Increase Approval

Guest author Peiffer Brandt is the Chief Operating Officer at Raftelis Financial Consultants.

“New Orleans Sewerage & Water Board customers will see their monthly water and sewer rates more than double by 2020 after the City Council voted 5-2 Thursday to implement rate hikes on Jan. 1. Rates will jump 10 percent every year for the next eight years …” so began a December 6th Times Picayune article.

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Driving Rates: Get a 2012 Georgia Rates Dashboard Tune-Up

Matt Harris is the Marketing and Outreach Coordinator for the Environmental Finance Center.

The etymology of the word “dashboard” is an interesting story of technological change and innovation over time.  Originally the name given to the plank(s) of wood or leather in front of a horse-drawn carriage to keep out mud “dashed” from the movement of the carriage, over the course of history the word “dashboard” and the actual technology associated with this part of the vehicle, has advanced significantly.  With the automobile humans added complex navigational and control instrumentation to the mud-blocking area to continue protecting the driver from the myriad of problems created by moving at unnatural speeds.  It is no surprise that the business and financial communities have adopted the metaphorical language of the dashboard technology.

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Breaking News: Utility Rates have Continued to Increase Over the Last Two Years

Guest Author Rocky Craley is a Senior Consultant at Raftelis Financial Consultants.

Breaking News:  Utility rates have continued to increase over the last two years, according to the 2012 Water and Wastewater Rate Survey.  That’s the highest-level survey summary, which is (admittedly) not very groundbreaking.  But digging into the national rate survey provides a little more information than that – actually, quite a bit more.  Surveys such as this provide insights into the water and wastewater industry that enable utility executives, staff and other industry professionals to benchmark rates and key utility metrics against peer utilities.  Utilities also use survey data as supplemental information to convey the state of the industry and effectively educate decision makers.

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Rates Flood: Rising Water Bills

Guest author Peiffer Brandt is the Chief Operating Officer at Raftelis Financial Consultants.

An 82% rate increase.  That’s what the Milford (MA) Water Company has proposed to cover the costs of a new $25 million treatment facility. Rates in Milford will increase from $2.69 per CCF to $4.94, and the monthly service charge will increase from $12.96 to $23.77.  From Detroit to New Orleans, Los Angeles to Atlanta, water bills are on a trajectory to become more expensive with each passing year.  Evidence from around the country suggests that this phenomenon is both universal and undeniable.

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