CVEA Board approves rate increases

Proposed rate changes to the CVEA Tariff were unanimously approved by the Board of Directors at the regular meeting on Thursday, August 15th.

The rate changes come at the conclusion of a year-long rate study where an estimated annual revenue shortfall in the amount of $756,000 was identified.

The monthly customer charge for residential members, will increase from $12 to $20 and small commercial members will increase from $20 to $30. This component will recover $359,000 annually.

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