FOR IMMEDIATE RELEASE
June 26, 2018
Public Utilities Board Approves FY 2019 Budget
ALAMEDA, CA – At its regular meeting on June 25, the city of Alameda’s Public Utilities Board approved Alameda Municipal Power’s (AMP) budget of approximately $63 million for fiscal year (FY) 2019.
AMP’s budget, based on a 1 percent overall rate increase, reflects the priorities set by the Board through its adopted strategic plan, the annual planning workshop held in January 2018, and the annual budget workshop held in April 2018. AMP continues to provide rates that average 17 percent less than those of neighboring communities.
Major projects for FY 2019 include upgrades to substations, replacing breakers, and preparing electrical infrastructure for new development projects.
As a 131-year-old community-owned electric utility, AMP does not generate a profit on rates. AMP serves the community with a reliability record within the top quartile of all western U.S. utilities.
AMP’s 2019 fiscal year begins on July 1, 2018 and runs through June 30, 2019. The FY 2019 budget materials are available at www.alamedamp.com.
Alameda Municipal Power (AMP) is a department of the city of Alameda that has served residents and businesses for 131 years. AMP provides power to more than 34,000 customers at rates that average 17 percent below neighboring communities.
Contact: Kathleen Haley
Alameda Municipal Power