Title
An ordinance to amend Chapter 29, Utilities, of the Code of the City of Rock Hill concerning Electric Rates.
Body
This ordinance will raise Electric Rates 4% to partially cover our 8.3% Purchased Power Increase. This will increase our average residential customer's monthly bill $4.04. The 4% represents a reduction from the rate increase that staff previously proposed (5%) during the Budget Workshops. Staff recommends approval of this item.