Kissimmee Electric Bills Are Coming Down

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KISSIMMEE, Fla., October 3, 9:30 am – Electric bills are coming down in Kissimmee… and that’s good news for all of us! With new fuel contracts in hand and a state-of-the-art power plant near completion, the cost of the fuel Kissimmee Utility Authority (KUA) uses to generate its electricity continues to drop.

KUA’s Cost of Power & Conservation Adjustment (COPCA) charge for June 2001 reached a record high of $23.69 per 1,000 kilowatt-hours. Customer bills in October include a COPCA charge of just $7.76 per 1,000 kilowatt-hours — a rate that is projected to drop even lower in future months.

At the same time, a new electric rate structure took effect on October 1 — the third and final in a series of three rate increases totaling 4.95% – or 1.65% per year. The rate increase is being used to fund several large utility construction projects, including a third generating unit at Cane Island Power Park and a new electric substation near Buenaventura Lakes. This increase, however, is being offset by the lower fuel costs. BOTTOM LINE: the average residential customer bill has decreased 14% since June.

The lower costs also bring KUA’s residential rates below those charged by Florida Power, City of St. Cloud, and Peace River Electric Cooperative, all of which serve customers in Osceola county.

No additional KUA rate increases are forecast for the next 10 years.

KUA is Florida‘s 7th largest community-owned utility serving 53,000 electric, water and Internet customers in four Central Florida counties. KUA is celebrating its 100th year of serving the community in 2001.

Contact: Chris Gent, Manager of Corporate Communications
(407) 933-7777 ext. 1116
cgent@kua.com