Fort Pierce Utilities Authority (FPUA) customers are enjoying their second decrease in power costs in less than a four month period, thanks to lower fuel expenses for power generation.
In July, FPUA’s cost for 1,000 kWh decreased $3.00 and now FPUA is lowering electric costs again by an additional $1.00. Since the beginning of this year, FPUA’s electric cost will have decreased a total of $4.00.
As a result of the reduction the average residential customer’s bill, based on 1,000 kWh, will decrease from $113.84 to $112.84 per month. The decrease in power cost will be seen in the Power Cost Adjustment portion of members’ bills. The new PCA will be negative $4.00.
According to Nina Hurtubise, FPUA’s Director of Financial Services, the lower cost of power is due to the lower fuel cost. The cost of natural gas used for generating power remains low.
About FPUA: Fort Pierce Utilities is a municipal utility whose mission is “to provide our customers with economical, reliable and friendly service in a continuous effort to enhance the quality of life in our community.” Fort Pierce is one of more than 2,000 communities in the United States served by a community-owned electric utility, and one of very few who also provide water, wastewater, natural gas, and Internet services. Public utility systems are owned by the people they serve. All benefits from our locally controlled utility remain right here in the community. Additional information is available at www.fpua.com.