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The board reviewed Columbia Water and Light’s FY2025 financial report and discussed FY2027 rate increase proposals, including a recommended 10% water increase and at least a 6% electric increase.
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The board heard that water and electric finances are still positive, but future cash needs are driving talk of higher rates. Staff said a 10% water rate increase would help keep cash reserves above target, while electric costs are under more pressure because expenses and power purchases are rising faster than revenue. The board also reviewed project updates, utility disconnection numbers, and a power cost adjustment report showing a much larger-than-expected energy cost increase. Members planned to bring their concerns and recommendations to City Council at a later meeting.
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