What is a Rate Study?
A water utility rate study is a financial review that looks at future revenues and expenses and considers how to structure rates to cover the cost of utility services.
Objectives include:
- Ensure financial stability of the utility
- Ensure the delivery of safe, reliable service for customers
- Fund the Capital Improvement Plan
- Align structure to meet utility needs while factoring in community interests
Public Involvement
El Paso Water conducted residential and commercial focus groups and hosted a community Open House on September 12, 2024.
We received public input to understand community priorities and preferences as they relate to the utility’s rate structure. Priorities that were considered include:
- Revenue stability
- Affordability
- Equity across customer categories
- Economic development
- Ease of understanding of rates
- Conservation
- Rate stability to minimize customer impact
Timeline
- August/September 2024– Public Involvement Process
- November/December 2024 – Rate study results shared; proposed rates to be presented to El Paso Water’s Public Service Board.
- January 2025 – The PSB will consider and approve final rate structure and rates along with the 2025-26 budget.