Electric rates will remain steady for 182,000 customers of Clark Public Utilities under a budget adopted Tuesday by the utility’s three elected commissioners.
Commissioners used $4.7 million in cash reserves to balance the $388 million electric system budget without raising rates. About 70 percent of the budget is the cost of energy the utility buys or generates at its gas-fired River Road Generating Plant.
Reduced costs for natural gas are offset by higher cost of power purchased from the Bonneville Power Administration.
In addition, the utility will hold rates steady for its 30,000 water customers.
