Rate increases due to dam and/or hydro generation removal have not been calculated. An increase in rates could relate to the City’s desire to recover lost hydroelectric revenues over time, amortization of undepreciated assets, and recovery of the costs of dam removal. In 2016, the City’s net revenues (electricity sold from hydro generation less maintenance costs) from the sale of 2.1 million kWh was $125,840. The cost to replace the same kWh with purchased power would be $165,233, resulting in net revenues of $40,807.
How much will electric rates go up if the dams are removed and restoration is complete?
Cost, Financing, and Economics - learn more
- Where did the $300,000 for this study come from?
- Is the relicensing decision contingent on funding?
- At what point do we need to secure funding?
- How much will electric rates go up if the dams are removed and restoration is complete?
- What costs besides the relicensing costs might we be required to cover once a license is granted?
- What is the likelihood that the Army Corp of Engineers will engage in a dam removal project?
- Does the City recognize that the hydros will need to be replaced at some point? Are we saving money for this eventuality?
- What are some of the overall costs of dams that are removed of the same size as the dams in River Falls?
- How many city maintenance jobs will be gained or lost with removing the dams?
- What is the increased cost of dam removal to a City taxpayer per $100,000 of house value?
- What type of private funding might be available in River Falls? Cash or in-kind (construction)?
- When the City evaluates its hydroelectric profits and losses, why doesn’t the City include all the costs that it has to pay out?
- What costs will we need to incur for future maintenance to our dams?
- Exactly which taxpayers bear the brunt of this project – City of River Falls, County?
- Based on a $12 million expenditure for dam removal, what is the anticipated property tax impact for the home owner?
