Will My MPW Electric Bill Go Up With The New Energy Plan?
MPW has proposed a balanced approach to supplying our community’s power in the decades to come. At a Powering the Future Open House event, MPW presented this graphic to give customers an easy to understand comparison of how customer bills would change with a balanced mix vs. 100% renewable sources.
The lowest capital expense for MPW customers would be to continue burning coal. With our proactive interest and efforts in environmental responsibility, we’re pursuing the development of a solar farm, a Combined Heat and Power (CHP) Unit, and related transmission system upgrades. Modeling shows there’s not a significant cost difference between the balanced approach MPW is proposing as part of our Strategic Plan and maintaining Unit 9 with anticipated future environmental compliance costs. MPW’s latest 10-year financial projection included assumed modest, annual rate adjustments of around 3%, which is great news for MPW customers considering the significant transition we are facing. In any scenario, there will be associated costs with decommissioning and demolition of existing units but, as always, we’ll work hard to manage costs that affect consumer energy prices and rates passed on to customers.