OPPD requests rate increase to help cover flood costs

The summer flood hit Omaha Public Power District hard financially and it looks like customers will be picking up the tab for flood their flood prevention efforts. OPPD spokesman Jeff Hansen says they are asking their board of directors to raise rates.
Hansen says they are requesting a 5.9% rate increase. The average residential customer will see about a $5.30 monthly increase to their bill.
Not only did the utility have the expense of keeping Missouri River flood water away from the Ft. Calhoun Nuclear Power Plant but they had to purchase electricity from other sources while that plant was not in operation. Hanson says they are also requesting for a transfer from one of their standby funds $32-million to keep the utility going. This will replace money lost due to flooding.
Hansen says new federal regulations that require OPPD to make upgrades to their coal fired plants will be very expensive and the rate increase is needed to fund those costs.