After giving the documents a quick read, it looks like they want significant raises to all Palo Alto residential and commercial utilities rates starting on July 1, 2023 and additional raises for some utilities continuing for 4-5 years. Here are the residential rate proposals:
Sewage- 9% per year for each of the next five years.
Water rates- 3% increase
Gas- Transfer 18% of yearly gas revenues to the general fund for the fiscal years 2021 to 2024.
Increase the gas cost rates for tier one and two by 21.4%
Increase gas distribution rates by 8%, 7%, 5%, 5%, 5% for the fiscal years 2024-2028.
Electric- (Here is the one bone, or, I should say, one half of a bone) The recent Hydroelectric rate surcharge decreased by 50% on July 1, 2023.
However, all residential electric rates increased by 14% effective July 1, 2023.
Palo Alto Utilities are the gift that keeps giving to the folks who run our small city.