No Rate Hike Anticipated in OPPD 2014 Planning

The Omaha Public Power District put its proposed 2014 operating plan on the table Thursday noting that the district does not anticipate increasing customer rates in the coming year.

The preliminary plan for the upcoming year was presented to the Board of Directors for consideration.

The report states that the utility has been able to hold the line on expenses while addressing challenges that include the extended outage of the Fort Calhoun Nuclear Power plant.

OPPD also noted that it was able to find "substantial savings through coal contracts negotiated earlier this year."

According to a news release, "Another factor in the decision to keep rates steady is the way in which our customer-owners will pay for additional power purchased this past year. The cost, incurred by customers who will benefit, will be spread over three years’ time."

The board will consider the proposal and vote on the proposed Corporate Operating Plan at its meeting next month on December 19.

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