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The Nebraska Public Power District’s Board of Directors unanimously approved NPPD’s 2016 Wholesale Rate Schedule during a specially-scheduled meeting Wednesday in Grand Island. The rate schedule includes a 3.8 percent overall average increase in 2016 wholesale rates.
The increase will be used to fund transmission investments and $25 million in retiree healthcare benefits associated with past service provided to NPPD’s wholesale customers. Wholesale customers who sign a new 20-year wholesale power contract will receive a rate discount of 3.57 percent because NPPD can finance their portion of the uncollected retiree healthcare obligations over a longer time period. This results in an overall average rate increase for such customers of 0.6 percent.
NPPD’s Board heard from customers both opposed to and in support of the 2016 wholesale rate proposal at a rate hearing Oct. 8 in Columbus.
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