Rate Hike Approved
At its Monday meeting the Public Utilities Board unanimously approved the fifth year of Alameda Municipal Power’s (AMP) five-year rate increase. Bills will reflect the jump in rates beginning July 1. Nearly all residential customers will see a $2.25 increase on their monthly billls.
The increase resulted from an assessment in 2010 that showed that AMP needed more revenue to meet higher power transmission costs and to replace a power contract that expires this year.