Bonita Springs Utilities Inc. customers will not see a rate increase this year on their utility bills. For the eighth consecutive year, the BSU board of directors voted to maintain current rates.
The member-owned cooperative could have raised rates by 1.7 percent without approval under its franchise agreement. The not-for-profit water and wastewater utility is permitted to raise rates annually based on the U.S. Consumer Price Index for the South Region. The Bureau of Labor Statistics publishes the Consumer Price Index, a measure of the average change in prices over time of goods and services purchased by households.
We’re pleased to maintain rates at current levels while providing quality water and wastewater services.” said BSU Executive Director John R. Jenkins. “To do this while paying capital credit retirements to our members really highlights the benefits we provide as a member-owned cooperative.”