Posted: Nov 16, 2009 5:45 PM by Jim Hummel
Updated: Nov 16, 2009 5:45 PM
LUS customers could soon see a rate hike to pay for improvements to service. The proposed increases come at a time when fuel prices are low, which LUS officials say is actually a good thing.
The rate hikes are expected to generate $13-million in revenue, a cost LUS Director Terry Huval says will be offset by $15-million in savings due to low fuel costs.
"What people are going to see if they compare it to what they spent in the last year, is a bill that's going to be much lower," Huval said.
If eventually approved by Lafayette Consolidated Government, the money generated by the rate increases would go toward the LUS Capitol Improvement Project. That includes upgrades to the electric, water and sewer systems.
"All three of those major utility systems require significant upgrades to help us to be able to meet the requirements of today as well as prepare for tomorrow," Huval said.
"If we defer it, the rate increases will be greater down the road, and may be greater when fuel prices are up, which make it much more difficult for customers to be able to transition their budgets to deal with that."
A hearing on this matter will take place Tuesday, November 17th, at 3:30 in the LCG council chambers.