OPPD approves 2018 budget with no general rate increase
The Omaha Public Power District Board of Directors approved on Thursday the 2018 Corporate Operating Plan (COP).
In keeping with OPPD’s commitment to competitive rates, the proposed plan contains no general rate increase for the second consecutive year.
Key factors considered for the $1.1 billion budget include following:
- the construction of transmission facilities
- changing customer usage trends
- compliance with changing regulations
- the decommissioning of Fort Calhoun Station
- low load growth as a result of improved energy efficiencies
Due in part to agreements for increased fuel and wind energy purchases, the plan includes a minor increase in the Fuel and Purchased Power Adjustment (FPPA) in 2018.
The FPPA helps OPPD offset increases in fuel and purchased power prices, which are out of our control.
The 2018 budget addresses these topics, while maintaining safe and reliable service, as well as affordable rates.