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BPU Board passes resolution to raise electric rates

By Jim Measel Jul 7, 2021 | 7:49 PM COLDWATER, MI (WTVB) – The Coldwater Board of Public Utilities Board of Directors approved the utility’s first increase in electric rates since April 2019 on Wednesday night. A power point presentation from Mark Beauchamp of Utility Financial Solutions discussed an annual overall electric rate increase of two percent for each of the next three years. He said Coldwater has kept up with its rates for the last 20 years so the adjustments have been small. Beauchamp said, “nobody likes rate adjustments…customers rather see small periodic rate adjustments rather than hold them off  and have them in a large adjustment.”

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