UTILITY BOARD APPROVES FISCAL YEAR 2015 BUDGET;
INCLUDES ENERGY BILL RATE REDUCTION FOR 6TH STRAIGHT YEAR
The Utility Board held a public hearing and approved Keys Energy Services (KEYS) Fiscal Year (FY)* 2015 budget and five-year financial plan, during their regularly scheduled meeting on Wednesday, September 10th. The approved FY 2015 budget for KEYS is $97.4-million. The budget takes into account a half-percent base rate decrease for KEYS’ customers during FY 2015. KEYS has reduced energy bill rates since FY 2009 by 3.95-percent.
“The Utility Board requested a balanced budget and a rate decrease, KEYS’ staff identified projects which could be postponed or eliminated without affecting reliability,” said Lynne Tejeda, KEYS’ General Manager & CEO.
In FY 2009 a residential customer with 1,000 kilowatt-hours** of consumption, a typical usage cited when making comparisons, had a bill of $156.17. Taking into account annual base rate decreases since FY 2009, in FY 2015 that same customer will have a bill of $133.83 if their consumption remains unchanged.
In other business, the Board:
- Awarded a piggy-back unit price contract for pole inspection and treatment services to Osmose Utilities Services, Inc., for an estimated amount of $705,217.38. This contract will cover the inspection of approximately 14,000 utility poles with regard to ongoing storm hardening upgrades. The contract is a piggy-back through the City of Homestead.
- Approved a customer service training and surveying agreement with Measure-X in the amount of $35,000. The contract will cover training for all KEYS’ employees as well as 50-monthly telephone customer surveys. Measure-X training and surveying is used at Fort Pierce Utilities Authority and the Florida Keys Electric Co-operative.
The regular meeting of the Utility Board took place at 5:00 p.m., September 10th, in the Louis Carbonell Board Room of the William Arnold Service Building, 1001 James Street, Key West.
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