The NBU board of trustees appointed the 18-member committee April 28 and has been tasked with helping ensure NBU maintains fair and equitable rates based on the cost of providing service to its customers, according to a press release from NBU.
Committee members will meet throughout 2022 and early 2023 as NBU completes the cost-of-service and rate design study before presenting a new rate plan to City Council in April 2023.
In October 2020, City Council approved a three-year rate plan for NBU, according to the release, and the new rate plan proposed in 2023 will be intended to meet the growing demands for services.
According to NBU, the utility company has hired consulting firm Freese and Nichols Inc. to conduct a water and wastewater cost-of-service study, while New Gen Strategies and Solutions LLC has been hired as the subconsultant performing the electric cost-of-service study.
While the cost study is in development, NBU staff will work with the advisory committee to provide data and assist in the analysis of rate design alternatives.
Members of the committee include seven individuals nominated by City Council, and the remaining 11 individuals represent NBU's different customer classes, such as health care, small-business, school district and multifamily residential customers, according to the release.
The June 1 meeting is open to the public and will take place at 3 p.m. at the NBU Service Center Training Room, located at 355 FM 306, New Braunfels. For more information about the committee, visit the committee website.