Oct. 12, 2023
Seattle City Light will raise rates in January to recoup millions of dollars it lost during a particularly poor year of hydropower production, mostly attributed to dry, warm weather and a wildfire that disrupted dam operations over the summer.
In less than a year, Seattle City Light burned through more than $70 million of an emergency fund amid the unfavorable conditions, the utility says. Now ratepayers must make up the difference.
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