The Omaha Public Power District Board of Directors today approved the utility’s 2014 Corporate Operating Plan which calls for no rate increase for OPPD customers. The approved budget for 2014 is nearly $1.15 billion and was first presented to the board last month.
“We know how important electricity is to our customers’ everyday lives and that keeping it affordable and reliable is paramount,” said OPPD President and CEO Gary Gates. “We remain committed to ensuring that we do everything we can to provide affordable, reliable and environmentally sensitive energy services to our customers.”
With the new budget, OPPD’s rates will be approximately 6.7 percent below the regional average and 19.4 percent below the national average.
The new budget will go into effect January 1, 2014.