On November 1, 2007, Kenthill Townhomes owners received a letter from the Board regarding the increase in homeowners dues for 2008. In that letter was the following sentence: "The Board has spent the past several months carefully reviewing our financial position. We know that administrative costs are expected to increase 4%, that total utilities are expected to increase 9.56% (excluding a PSE increase; uncertain at this writing)..."
The following news article is an update of that sentence, just published on December 3, 2007:
"Infrastructure investments, higher costs prompt Puget Sound Energy to request general rate increase for late 2008"
BELLEVUE, Wash. -- (December3, 2007) -- Puget Sound Energy [utility subsidiary of Puget Energy (NYSE: PSD)] today filed a request to increase electric and natural gas rates in late 2008. This request would allow the utility to recover large investments made in energy infrastructure in 2006 and 2007, which will continue to be needed to serve the growing region, as well as costs related to higher operating and power-supply expenses.
If approved by the Washington Utilities and Transportation Commission (WUTC), the general rate case filing would raise PSE’s average electric and natural gas rates by 9.5 percent and 5.31 percent, respectively, effective Nov. 1, 2008.
