Ensuring Long-Term Energy Reliability
City of Banning Announces Important Adjustments to Banning Electrical Utility (BEU) Rates
Why is a rate increase needed?
- No significant increase in over a decade – no increase since 2013
- Rising costs to purchase power (up 31% since 2019) and system maintenance require adjustments.
- $10 million spent annually in the last three years on system upgrades to ensure reliability.
Where is your money going?
- Every dollar from the rate increase will be reinvested into BEU, a community-owned utility.
- Investments are aimed at improving infrastructure, long-term reliability fortifying BEUs financial position.
What does this mean for you?
- The new rate will go into effect on November 1, 2024.
- Even with the increase, BEU remains competitive compared to neighboring utilities. Average residential bills:
- Southern California Edison: $198.58 per month
- Banning Electrical Utility: $125.30 per month
How This Benefits You:
- Reliability: Continued investment ensures that your electric service remains dependable and up to date.
- Community-owned: All funds go directly back into the utility to benefit residents and businesses, unlike private companies that profit shareholders.
For more information, visit Banningca.gov or call 951-922-3185.