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OPPD Board approves rate increase for 2025

By Submitted

12/26/2024

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(KLZA)-- During the monthly meeting of the Omaha Public Power District Board of Directors last week, a new $2.3 billion Corporate Operating Plan for 2025 was approved.

The plan will help ensure a reliable, resilient power supply for customers in the face of record load growth, new planning-reserve margin requirements and extreme weather this year that drove up costs.

Included in the plan is an average rate increase of 6.3% across all customer categories. Residential customers will see an 8.4% increase, or roughly $9.44 monthly on a $113 average bill. All rate adjustments will go into effect on Jan. 1, 2025.

Extreme weather this year accounts for approximately one-quarter of the proposed increase. Severe winter storms, floods, tornadoes and hurricane-force winds battered OPPD- service territory. -

The increase includes an average 4.9% general rate increase and a 0.4% increase from the Fuel and Purchased Power Agreement, which is a line item on bills.

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