Seattle City Light to raise rates after it burns through cash reserves
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.
