Georgetown Electric Bills Increasing!!

Despite assurances by city officials that our electric bills would not increase, here is the notice we received today:

The 0.4% per KWh is directly attributable to increases in power costs, yet, supposedly the Spinning Spur wind farm near Amarillo, Tx provides more electricity than Georgetown requires. We were told that the contract was for a fixed price per KWh over the life of the contract.

Recall that the city electric company lost over $6M last summer due to poor hedging activities. One has to wonder if this cost increase is an attempt to recover those losses. After all, the ultimate payer for government services, including losses, is the taxpayer/ratepayer.