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Elk River <br /> <br />Municipal Utilities <br /> <br />322 King Avenue <br />Elk River, MN 55330 <br /> <br />phone: 763.441.2020 <br />Fax: 763.441.8099 <br /> <br />November 20, 2002 <br /> <br />To: <br /> <br />From: <br /> <br />Elk River City Council <br /> <br />Bryan C. Adams <br />Elk River Municipal Utilities <br /> <br />Subject: <br /> <br />Explanation of Electric & Water Rate Changes <br /> <br /> Councilman John Dietz asked for a summary of the recently revised electric & water <br />rates. As part of the Elk River Municipal Utilities annual budgeting process, electric rates, water <br />rates, and connection fees are reviewed. Rate comparisons are made with neighboring utilities. <br />Also income, expense, and cash reserve projections are made for a ten year period to help ensure <br />we have adequate financial resources necessary to adequately serve our customers with no large <br />unexpected rate changes, while keeping rates as low as possible. <br /> <br /> For the electric department, our initial intentions were to pass on the entire rate increase <br />from GRE. This year the whole rate increase is projected to be $236,661 or approximately <br />$0.0015. We elected to pass on only $197,000. This is an increase of 1.76%. In summary the <br />electric rates are as follows: <br /> <br /> Current 2003 <br />Residential <br /> · Account Maintenance Fee $7.00/month 7.00/month <br /> · Winter $0.0638/KWH $0.0653/KWH <br /> · Summer $0.081/KWH $0.0825/KWH <br /> <br />Non-Demand (Commercial) · Account Maintenance Fee <br /> · Winter <br /> · Summer <br /> <br />$15/month <br />$0.0541/KWH <br />$0.078/KWH <br /> <br />$15/month <br />$0.0556/KWH <br />$0.0795/KWH <br /> <br />Demand (Large Commercial) · Account Maintenance <br /> · Energy <br /> · Winter Demand <br /> · Summer Demand <br /> <br />$35/month <br />$0.037/KWH <br />$8.50/KW <br />$11.25/KW <br /> <br />$35/month <br />$0.038/KWH <br />$8.50/KW <br />$11.25/KW <br /> <br /> <br />