Seattle City Light seeks 10 percent rate hike
Sep 12, 2012, 6:29 AM | Updated: 8:01 am
Your electric bill could soon be going up after a Seattle City Council committee approved a 10 percent average increase over the next two years.
The average Seattle household would see its yearly bill increase by about $40 in each of the next two years, according to The Seattle Times.
The full council is expected to approve the rate hike next week.
Under the plan, different types of customers would see varying increases. Residential customers, in general, would see higher increases than businesses as part of a City Light effort to charge customers based on the actual cost of providing service.
City Light says such a “true-up” hasn’t been done since 2006. In 2014, residential and business rates would be more similar.
City Light hopes to raise rates over 30 percent over the next six years as part of its strategic plan.
