News & Media

Why has TID’s budget increased so much that it has to propose to increase rates?

October 29, 2024


TID is very prudent in our budgeting and the way we spend our ratepayers’ money. In addition, we maintain a rigorous maintenance schedule that maximizes the operations and lifespan of our infrastructure. This has resulted in TID not implementing a rate increase in ten years. Still, despite our best efforts, eventually rising costs cannot be recovered at our current rates and we have reached a point at which we need to propose a rate adjustment to support the true cost of providing reliable power.