CITY LIGHT RATE INCREASE
Urban Politics #281, 11/11/09
No one likes higher utility rates but one is certain to come next year. Given that Seattle City Light is in a budget crisis, it will run out of cash early next year and will need to issue a significant amount of debt ($200 million) to fund its capital program. The Council must decide this week what their rates will be for 2010.
Click here to read a brief and hopefully understandable explanation of what the situation is. I have not touched on all possible elements that could affect the utility’s rates, but I’ve tried to hit on what seems to be the most important in meeting this critical challenge.
Civic activity and Community involvement are two key components to Councilmember Licata’s history of involvement in Seattle politics that dates back to 1975.
Nick has been instrumental in founding organizations and publications such as The Civic Foundation, the Seattle Sun newspaper and the People’s Yellow pages to help provide people with access to community organizations, social service agencies, and political groups as well as promoting neighborhood involvement in the City’s political process.
