SACRAMENTO, Calif. (AP) - Electricity customers in Sacramento County and a small part of Placer County could be facing a two-step, 13 percent rate increase.
The Sacramento Municipal Utility District says it needs the increased revenue to make up for a drop in power usage by businesses, higher costs for natural gas to run its power plants, state requirements for renewable energy use and borrowing costs.
Under the proposal, rates would jump 9.5 percent on Sept. 1 and climb another 3.5 percent in January 2011.
The district plans to hold a series of community meetings about the rate hike before its board considers the increase in June.
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