The municipal utility's Board of Directors have adopted a business plan for the next fiscal year that includes no change to its base electric rates.
“At our budget approval last year, we had projected a 4 percent increase to base rates for fiscal year 2014,” BLP General Manager Annette Allen said.
Allen explained that recent market trends will allow for the electricity rates to remain stable.
“We are pleased that our recent improvement in sales combined with our continued efforts to control costs provides us with the opportunity to leave base rates at current levels," she said.
BLP spokeswoman Renee Molyneux said the bill for an average residential customer who uses 600 kilowatt hours in a month will be about $83.60.
Officials from the power provider say they're starting to see recovery from the recession, and the utility's large industrial customers are showing signs of growth. Increased power consumption from last summer’s heat wave also contributed to overall sales projections.
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