A Reason to Give Thanks: Lower Electric Rates

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KISSIMMEE, Fla., Nov. 1, 2006 – As Floridians gather around the table with family and friends later this month for Thanksgiving, Kissimmee residents may be more thankful than most. Their electric rates, after all, are among the lowest in the state and continue to drop.

Kissimmee Utility Authority (KUA) has announced that it will cut electric rates by five percent beginning today, citing a continued downward trend in fuel costs.

November marks the fourth consecutive month of rate reductions for KUA’s 62,000 electric customers. Since July, the utility has lowered rates by 15.1 percent or $17.36 per 1,000 kilowatt-hours (kWh) of electricity.

The newest rate cut will leave the charge for the utility’s fuel costs at its lowest level since June 2005.

“The employees of KUA are always working hard to provide the best possible service to our community,” said KUA board chairman Nancy Gemskie. “We are thankful for lower fuel costs and thrilled that KUA is able to immediately pass these savings on to its customers.”

The November rate reduction means that a typical homeowner’s bill will drop from $102.40 monthly to $97.25, based on residential consumption of 1,000 kWh.

The cumulative total of these rate decreases is worth more than $2.3 million in savings for utility customers.

Customers who have any questions about their bills should call KUA’s customer service center at 407-933-7777.

Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric, water and telecommunication services to 172,000 residents in five Central Florida counties.

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Chris M. Gent
(407) 933-7777 x 1116
cgent@kua.com