Thursday, February 05, 2009

Water Rate Hikes Outpacing Oil and Gas

Water rates are rising sharply, up 27% over the last 5 years according to the Earth Policy Institute. See this excerpt from Mike Taugher's story for the Contra Costa Times and San Jose Mercury News...

The decline in housing construction and a slide in revenues due to more efficient water use among East Bay Municipal Utility District customers are some of the factors pinching the district's budget.

"It's the economic situation and the drought," said Carol Nishita, EBMUD's director of administration.

The district's board of directors was told recently that if nothing changes, customer rates would have to increase 21 percent. Nishita said that her staff came up with a list of ways lower that figure by increasing revenues, freezing new hires, and deferring construction and discretionary expenses. More>>>

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