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Elk River ^-~ <br />Municipal Utilities <br />]3069 Orono Parkway • P.O. Box 430 <br />Elk Rivec, MN 55330-0430 <br />UTILITIES COMMISSION MEETING <br />Phone: 763.441.2020 <br />Faz: 763.441.8099 <br />~ TO: EKObI: - <br />Elk River Municipal Utilities Commission ~ Troy Adams, P.E. -Director of Operations <br />John Dietz, Chair j <br />Jerry Gumphrey, Vice Chair <br />Daryl Thompson, Trustee <br />~I MEETING D:~TE: AGENDA ITE!17 NL1~7I3ER: <br /> <br />November 16, 2 <br />010 <br />~ i <br />4.3 <br />_ <br />_ _ <br />~ _ _ _ <br />~ <br />SUBJECT: <br />2011 Expense and CIP Budgets Update i <br />BACKGROtiND: <br />Staff submitted a preliminary budget in October with the disclaimer that GRE's rates were not <br />final and may not be final until December. Staff continues to work on the budget and make <br />appropriate updates/changes as information is forthcoming. GKI still doesn't expect to have <br />final rates until early December but they are providing us updated numbers as they work through <br />the process. Some updates are provided below. <br />llISCUSSION: <br />Electric Department Expense l3udeet <br />The overall approach for this year's budget remains the same - to control costs and pass on the <br />wholesale power cost rate increases. We are still anticipating an approximate 4% electric <br />wholesale increase to accommodate GRE's rate increase. <br />Preliminary Electric Retail Rate Increases <br />Kesidential =+4.5°/n (blended increase for a typical customer} <br />Commercial = +4.0% (blended increase in for a typical customer) <br />Industrial/Data Centers = 0% change in demand charge and a 4% energy cost increase <br />from $0.0545 to $0.0567 ($/1cWh) <br />Water Department Expense Budget <br /> <br />There may be some changes with the chemical prices in the expense budget and the capital <br />projects for water, as adjustments are made in response to our recent chlorine leak. More on <br />this impact will be presented in December. <br />