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When customers for the
Board of Public Works (BPW)
receive their bills on September
1st for the utilities used from
July 15th to August 15th, they
can expect an almost 4%
increase. This increase, which
is not a flat increase, is a result
of the new wholesale price from
Santee Cooper and the
Southeast Power
Administration (SEPA). The
rates will be increasing due to
the wholesale price the BPW is
paying Santee Cooper, but also
to reach a much needed
financial goal they have set for
their departments (electric, gas,
water, and sewer).
Navillus Utility
Consulting, LLC (NUC), has
drafted a report which will
show how each department can
be “self-sufficient and not
dependent upon cash flow from
another department to subsidize
rates.” By making these
increases now, the departments
will be able to increase the cash
reserves to $5.5 million by the
year 2017. It is important to
have each department in the
positive, so that they are able to
be more efficient. Efficiency is
one reason why the cash reserve
must be increased from current
$3.9 million to the previously
stated $5.5. The latter reason is
to keep from paying interest on
loans which might need to be
obtained for maintenance of
equipment. If the BPW has the
money to fix problems with
equipment, the loans will not be
needed, resulting in saving
customers of the BPW money.
During these economic
times, the BPW would like to
make it very clear they
understand the issues their
customers might face with the
increased rates. After all, not
only do the individual
customers have to make these
payments, but the BPW does as
well. Will Martin, manager of
the BPW explained during an
interview that they too receive
a utility bill for each location
they have, which is why they
are stressing the “going green,”
idea in every home.
The BPW’s new utility
building, located at 276 Elm
Street, will be a “green building.” With the help of
Santee Cooper, the building
will conserve as much energy
as possible through the use of
LED lights and other energy
saving materials. Martin
stressed the importance for
every BPW customer to
conserve energy in their homes.
This can be done by turning off
lights, unplugging lamps, or
even skipping a day when
watering the lawn.
Martin expressed his
understanding for the financial
situations of the customers
involved, and said the
departments were willing to
work with their customers to
make sure the payments were
made. He knows waiting to
reach these goals will only dig a
deeper hole for the departments
to climb out of in the future. It’s
important to address financial
issues now, rather than later. |