Commentary by Phillip Molina
| Oscar Madrigal [email protected] Gabby Basua [email protected] Vianey Lopez [email protected] Gabriel Teran [email protected] |
Ratepayers will see the following changes in their October 2021 utility bill:
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One-Time Utility Billing Credit: All residential and commercial utility customers will receive a one-time rate reduction credit in September that will appear on their October 2021 utility bill. This means that customers will be credited for 20 months of IUF payments (January 2020 through August 2021) on their October 2021 utility bill. The City will credit a total of $7.1 million to its residential and commercial ratepayers.
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Utility Rate Reduction: Based upon the Court’s order, the City will no longer include the IUF in the current utility rates. Customers will see the average percentage reduction of 3.4% for Water, 2.7% for Wastewater, and 3.5% for Environmental Resources applied to future bills effective in September and will appear on October utility bills. This will result in about $4 million annually in savings for the City’s residential and commercial ratepayers.
Added Nguyen, “As I’ve stated before, the judge’s ruling on this matter was fair and reasonable; the City erred in its implementation of the IUF. We will certainly correct it.”
Phillip Molina
Oxnard City Treasurer
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