Annual Financial Review and Rate Forecasts
Each year, the Board of Public Utilities and City Council will receive:
- An annual update on RPU spending; and
- A five-year rate preview/forecast for years 2023 – 2027 to avoid future “stair-step” rate increases
The annual review was initiated as an oversight measure by City Council to ensure transparency in the rate adoption process.
RPU’s annual update will provide information designed to adequately determine the utility’s revenue needs. The utility rates were designed to strike a balance between reliability and affordability while continuing to fulfill RPU’s mission.
Mission Statement
Riverside Public Utilities is committed to the highest quality water and electric services at the lowest possible rates to benefit the community.