San Jose Water Company requests another rate increase!
The CPUC Advise Letter No. 450 is available on the SJWC website.
Earlier this year SJWC requested CPUC approve a General Rate Increase A1201003 that requested an increase of 21.5% in 2013 and totaled 44% over three years. During 2013 SJWC has requested and received the following interim rate increases:
- January 23, 2013, effective March 1, 2013 2.44%
- May 23, 2013, effective July 1, 20123 3.27%
TOTAL 5.71%
Well it seems like the lowest approved rate increase will be (5.71%+added security costs).
An interesting strategy! In sales it's called the "Salami Strategy" a little slice then a little slice now and it adds up to over 25% of the requested General Rate Increase. I hope DRA can unscramble all the "interim" increases and figure out what the ratepayers should pay!