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.
Just 184 of the nation’s more than 2,000 public power utilities qualify for the American Public Power Association’s (APPA) highest degree of reliable and safe electric service. The publicly owned Alameda Municipal Power (AMP) earned the highest honor a Platinum Reliable Public Power Provider (RP3) can receive for providing customers with secure power service.