Omaha Public Power District proposes budget with potential rate hikes every year until 2030
The Omaha Public Power District has proposed a new budget that could increase electric bills by at least 5% each year until 2030, pending approval by the board of directors.OPPD said the price increase is due to multiple factors, including rising costs for materials used to make transformers, power lines, and generators, increased demand as Nebraska’s economy continues to grow, an industry-wide labor shortage, and what OPPD called essential projects that directly affect customer service and system performance.In 2026, it’s estimated that residential customers will see a 6% increase in what they pay for energy, which means a monthly bill that’s $115 in 2025 would increase by $7 to $122 a month.OPPD said that its rates still remain 30% below the national average and 18% below the regional average. The board of directors will decide whether the new budget proposal will go into effect.Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
The Omaha Public Power District has proposed a new budget that could increase electric bills by at least 5% each year until 2030, pending approval by the board of directors.
OPPD said the price increase is due to multiple factors, including rising costs for materials used to make transformers, power lines, and generators, increased demand as Nebraska’s economy continues to grow, an industry-wide labor shortage, and what OPPD called essential projects that directly affect customer service and system performance.
In 2026, it’s estimated that residential customers will see a 6% increase in what they pay for energy, which means a monthly bill that’s $115 in 2025 would increase by $7 to $122 a month.
OPPD said that its rates still remain 30% below the national average and 18% below the regional average.
The board of directors will decide whether the new budget proposal will go into effect.
Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |