Rate Information

Home 64

In fall 2020, we presented our 2021-2022 budgets for approval to the Public Utility Board and Tacoma’s City Council. The proposals include rate adjustments for Tacoma Power and Tacoma Water. The Tacoma City Council reviewed rate proposals for Environmental Services (Wastewater, Solid Waste, and Stormwater) after receiving recommendations from the Environmental Services Commission.

In 2022, we will repeat this process for 2023-2024 budgets and host a series of public meetings where you can learn more about what goes into the ratemaking process.

View upcoming meetings and past presentations

Click here to submit a question or comment via an online form

Click here to download a printable one-sheet about TPU’s 2023-2024 residential rate proposals.

Click here to download a printable one-sheet about TPU’s 2023-2024 commercial rate proposals.

Looking for information about Environmental Services rates? Visit the City of Tacoma’s website to learn about Solid Waste, Wastewater, and Stormwater rate and contact information.


Drivers for rate adjustments

We make decisions for the long-term benefit of the communities we serve. Managing our finances wisely now will ensure safe, reliable service for our customers and help us avoid large rate increases in the future.

As a not-for-profit, publicly owned utility, we want to ensure you get the most value and quality service you expect from us. Our rates cover the cost to provide you with safe, reliable services, maintain utility infrastructure, protect natural resources near our facilities, and invest in system improvements that make your services better. The rate adjustments in our budget projections will help cover inflation in our operating and capital expenses, revenue shortfalls, and increases in payment assistance for customers due to COVID-19.

These examples show factors and projects that help determine rates for each service.

Tacoma Power
  • Policy guidance on implementing gradual rate increases over time to avoid rate spikes
  • Renewal and replacement of existing infrastructure
  • Technology projects and grid modernization
  • Regulatory compliance to manage fish and analyze impacts of potential seismic activity
  • Enhancement of cyber security measures
Tacoma Water
  • Policy guidance on implementing gradual rate increases over time to avoid rate spikes
  • Renewal and replacement of existing water infrastructure
  • Technology projects
  • Enhancement of cyber security measures
Environmental Services
  • Policy guidance on implementing gradual rate increases over time to avoid rate spikes
  • Renewal and replacement of existing wastewater and stormwater infrastructure
  • Regulatory compliance to ensure water quality standards are met and maintained

How we manage costs and affordability

We know rates affect you. That is why we work hard to keep our costs low, which keeps rates more affordable for everyone in our community.

  • Asset and project management – consideration of the right time for a capital project
  • Workforce planning and development – review of open and unfilled positions, prioritization of critical hires
  • Payment assistance programs – work to expand eligibility and increase available funds

How we address equity when planning rates

We commit to achieving equity in our budgets by ensuring:

  • We provide equitable delivery of services to residents and visitors.
  • Our workforce reflects the community we serve.
  • We engage in purposeful community outreach.

 

 

Close