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FOR IMMEDIATE RELEASE
June 23, 2021
Public Utilities Board Approves AMP’s Budget; No Rate Increases
ALAMEDA, CA – At its regular meeting on June 21, the city of Alameda’s Public Utilities Board (PUB) approved Alameda Municipal Power’s (AMP) budget of approximately $66 million with no rate increases for customers. Throughout the 2022 fiscal year, which begins July 1, 2021, customers will see no change in the electric rates they pay.
AMP’s strong financial outlook makes it possible for the board to not raise rates. This is the second consecutive fiscal year that the board decided not to increase rates.
As a community-owned and locally operated electric system, AMP does not make a profit on rates. Comparing AMP’s rates to PG&E’s rates, AMP customers will save 26% on average, or $22 million total, on their utility bills in fiscal year 2022.
“We are grateful to be in a position to avoid rate increases for a second consecutive year,” AMP General Manager Nicolas Procos said. “The Public Utilities Board’s decision to avoid rate increases will help our community and businesses recover from the financial impacts of the pandemic.”
AMP’s 2022 fiscal year begins on July 1, 2021 and runs through June 30, 2022. View the fiscal year 2022 budget materials here
Alameda Municipal Power (AMP) is a department of the city of Alameda that has served residents and businesses for 134 years. AMP provides 100% clean energy to more than 34,000 customers at rates that average 26% below neighboring communities.