LES 2019 budget, rates

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LES proposes no overall increase to retail electric rates in 2019 budget

LES proposed a 2019 budget of $348 million, with $272 million for operating costs and the remaining $76 million for capital projects. This is $14.5 million less in capital projects and $1.4 million less in operating costs than 2018.   

Customers will continue enjoying electric service ranked nationally for both affordability and reliability. Large commercial customers should expect similar bills in 2019 while Residential, General Service and Heating Service customers will see slight changes in the form of LES’ ongoing rate restructuring.

In 2019, the revenue-neutral restructuring will appear as a decrease in the Energy Charge (customers’ variable charge for energy usage) offset by an increase in the Facilities Charge, which collects fixed costs for LES to maintain and deliver energy.  

Bottom line, most customers will see little to no change in their bill. 

Customers had the opportunity to learn more about how the 2019 budget and rates would impact them at a public meeting Oct. 4, 2018.

The LES Administrative Board will vote to approve the 2019 budget and rates at its Oct. 19, 2018, meeting.

Click the green buttons on this page for more details. 

 

Bill calculator

This residential bill calculator provides an estimated bill, based on the proposed 2019 rate restructure, to be effective Jan. 1, 2019. It displays 12 months of billed energy based on your billing period. Click the button below to see how the proposed 2019 rate restructure adjustment would affect your monthly bill.

Calculate

 

Questions/Comments?

Submit questions/comments about the budget to finance@les.com.