El Paso Water to increase water rates in March

EL PASO, TEXAS (KTSM) - El Paso Water Utilities announced customers can expect an increase in their water bill come next year. They invited the public to attend a meeting Monday night where they went over the 2018/2019 budget.

This year's proposed rate would increase by 8% with a recommended budget of $490.288M, that's a $26.620M increase to last year's overall budget of $463.668M.

"The way most utilities operate, including El Paso Water, is that for significant investments you borrow the money and then you pay off the debt over a period of years as the facility is being used. That way the customers using the facility pay for it," said EPW President John Balliew.      

The proposed budget and rate translates to the average customer, which according to EPW uses more than 8200 gallons of water, paying $3.98 more a month.

Balliew says it's necessary for projects encompassing EPW, wastewater, reclaimed water, and storm water down the pipeline.

El Paso started off historically with really really low water rates, so even though we are doing these small single digit rate increases, since we started at a low point we are still ending at a low point," said Balliew.

Once adopted, the new budget will take effect January 10th and ratepayers will see the change in their bill in March.

 

 


Don't Miss

Trending Stories

Latest News