OPPD provides third straight year with no rate increases

For the third year in a row, customers of the Omaha Public Power District won’t see a rate increase.

On Thursday, the utility released the details of next year’s almost $1.2 billion proposed budget. The board will vote on the budget at its Dec. 13 meeting.

The budget includes three major transmission projects and helps bring more renewable energy online.

The $200 million Sholes wind farm in Wayne and Stanton Counties is expected to come online next year, bringing with it 160 megawatts of electricity.

Additionally, a community solar project east of Fort Calhoun will generate five megawatts when it comes online next summer.

Wholesale revenues are projected to continue their significant slide under this budget, and retail revenues are expected to slightly increase.

Other revenues and investment income are also expected to increase modestly.

With the shutdown of the utility’s nuclear plant several years ago, OPPD continues to save on operations there, the budget indicates.

Other items in the budget include adding $12 million to the decommissioning and benefit reserve.

Major expenditures are planned for transmission and distribution, including a new substation, related equipment and a transmission line.

For more information or to make a comment, visit oppd.com.