Only self-serving propaganda on the EID website
Following 56% of rate hikes in 2010-2012, EID water rates surge another 11% on January 1. EID’s average residential water and sewer customer will pay $107 more annually, with another $198 of increases already Board-approved for 2014-2015. For just five years average water and sewer bills will increase $727.
Meanwhile, most all EID employees will receive 6% wage hikes in 2013 plus an average $49,000 of per employee benefits. Thirty-one percent of EID rates go just to pay for employee benefits and paid time off. And $53 million of unfunded pensions and medical benefits will add another 10% to rates when EID starts paying them.
Another 17% of rates go to pay for excess capacity for future customers, including half of EID’s ongoing $15 million annual deficit spending.
So why doesn’t EID confess these important financial facts on its EID website homepage? Why, instead, does EID’s new “The Waterfront” try to tell us that EID customers are highly satisfied with EID?
The November 2013 EID Director elections can’t come soon enough for rate-hike weary EID ratepayers.