08-08-2022 BPU RPT 06 - Laserfiche WebLink

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RIVERSIDE PUBLIC UTILITIES Board Memorandum BOARD OF PUBLIC UTILITIES DATE: AUGUST 8, 2022 SUBJECT: RIVERSIDE PUBLIC UTILITIES ELECTRIC AND WATER RATE TRENDS STUDIES ISSUE: Consider receiving an update and providing feedback Electric and Water Rate Trends Studies. RECOMMENDATION: That the Board of Public Utilities receive an update and provide feedback on Riverside Public Electric and Water Rate Trends Studies. CUSTOMER RELATIONS/FINANCE COMMITTEE RECOMMENDATIONS: On May 16, 2022, the Board of Public Utilities Customer Relations/Finance Committee, with three members present and one member absent, unanimously received the Electric Rate Trends Study update and provided feedback that included considering: 1. The timing of the advanced metering infrastructure implementation when reviewing a transition to entirely time of use rates for the domestic and small and medium commercial classes; 2. Battery storage programs; and 3. Other factors along with the timing of rate adjustments being effective after the current five- year rate plan on January 1, 2024. On June 20, 2022, the Board of Public Utilities Customer Relations/Finance Committee, with three members present and one member absent, unanimously received the Water Rate Trends Study update and provided feedback including: 1. Ensure compliance with legal requirements including California Propositions 218 and 26; 2. Consider rate structures that are resilient when volumetric water sales differ along with volumetric usage that does not fluctuate when evaluating fixed cost recovery; 3. Review ratepayer affordability by providing the impacts on low-income water customers and their water usage;