The graph above demonstrates the gradual increase in rates over a 6-year period with a responsible rate plan increase.
** Last rate adjustment December 22nd, 2020. The adjustment reflected a rate decrease of
14%.
Annual rate increases starting in January of 2025 through 2030.
Rate escalation between years 2025 through 2030 will enable the application of proceeds to allow for fixed energy costs for 2030 through 2035 and ultimately create the ability to better forecast future financials needs over the proceeding 10 years.
Eliminates market volatility in years 2030 through 2035 in a liquid PJM market.
The Above (Fiscal Cliff) graph shows the highly probable impact of energy costs if nothing is done between now and 2030. At a conservative comparison if nothing is done between 2024 and 2030 Mishawaka residents are likely to see a 34% increase in their rates in one year.
Probable Impact on Rate Payers of Mishawaka Utilities Electric:
High Risk Approach, essentially subject to market volatility in years 2030 through 2035 in a liquid PJM market.
Current/Future contract is subject to rate renegotiation in 2030 at the expense of market rates
that are subject to change dependent on market conditions.
The table above demonstrates the gradual increase in rates over a 6-year period with a responsible rate plan increase.
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