Owner asks CPUC to approve request for rate increase
In a letter forwarded 2 days ago, a resident informed our office that the Swiss Village Water Co. asked for a rate bump up of 20%. This hardly seems related to anything but a need for more money in the coffers to increase the returns. Here we are, in the worst recession in 78 years, with serious deflation a reality(in housing), and he cites a few bills as a reason for the increase. This could force the issue to a head.
The line items are nothing short of operational costs. Are we to continue paying above the allowed rate of return?
What about all the money received for new accounts, 1e. the new structures added in the neighborhoods?
The usage rate is probably the lowest for any district, and that's probably a high figure. Like all utilities these days, Tahoe Swiss bears watching, constantly.
This increase would come on the heels of the Tahoe Truckee Waste Mgmt Co's 100% increase, spread over 5 years(we're in the 3rd years!) And this follows the Meeks Bay FD's 2nd parcel tax that they took to the bank last fall. Folks, we are under assault by these various agencies as they seek to protect their own pay and benefits when the rest of us are looking for work and tightening our belts.
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