DWP approves lower rate hike

Ending a three-week standoff with the City Council, the Board of Water and Power Commissioners on Thursday approved a temporary increase in power rates, but said it would be back asking for new hikes soon.Daily News.

Commissioners voted unanimously to approve a .6-cent-per-kilowatt hour rate hike, which the City Council suggested Wednesday. While the City Council estimated the increase would lead to a rate hike of about 4.5 percent, the DWP said it translated to a 4.8 percent increase.

The three-month rate hike, which would take effect July 1, would add $4 to the average bill during the period.