Nelson Hydro will hold an online open house on Nov. 25 to explain its activities, its plans, and its proposed 2.5 per cent rate increase for 2022.
General manager Scott Spencer told the Nelson Star that in addition to inflation there are three main reasons for the increase.
Fortis BC’s proposed rate increase of 3.46 per cent will affect Nelson Hydro, which buys half its power from Fortis BC, he said.
Nelson Hydro will also increase its budgets for vegetation management and for dealing with more serious storms.
“I’ve included a storm budget that’s significantly increased over previous years,” he said. “2021 was by far the most expensive year in terms of storm response and repair costs. And looking at the trend, it looks like that may continue. So I want to be prepared this year so that we don’t have to go to council for an interim budget increase like we did in 2021.”
Spencer will also discuss Nelson Hydro’s application to the BC Utilities Commission to raise rural rates to a level higher than urban rates.
The virtual open house, scheduled for Nov. 25 from 7 to 8:30 p.m., will consist of a presentation by Spencer followed by a public question period. Registration is required at nelson.ca/hydro.