GRDA expects rates to drop to 2009 levels next year
BY RANDY KREHBIEL World Staff Writer
Wednesday, December 12, 2012
VINITA -- The Grand River Dam Authority projects a 9 percent rate decrease in the second half of 2013, officials said Wednesday.
The state-owned utility will make the final payment on a bond issue in June, causing a sharp drop in debt service requirements.
That, GRDA directors were told, will allow rates to be rolled back to 2009 levels.
Rates were hiked in 2009 when the GRDA bought an interest on the Redbud generating plant near Luther.
Read more in Thursday's Tulsa World.