Albany power, water rates increase - WALB.com, Albany News, Weather, Sports

Albany power, water rates increase

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Albany Water Gas and Light customers will see a five percent increase-- in both electricity and water Bills.

The vote came Thursday morning, as the Local utility plans it budget for the new fiscal year, which begins July 1st.

Water, Gas and Light officials say their cost of electricity is up by $9 million, and even with a 5% increase, reserves will have to be used to pay for the increase power cost. 

"We didn't want to hit the citizens with the full amount of the increase in one year," said WG&L Finance Director John Vansant.

The rate hikes affect 42,000 Water, Gas and Light Customers. Officials say we can expect another 3% to 5% increase next year.

 

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