US EditionDPU officials say inflation, reserve needs are driving monthly rate increases
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DPU officials say inflation, reserve needs are driving monthly rate increases
Richmond utility officials said monthly rate increases proposed as part of Mayor Danny Avula’s budget are primarily being driven by inflation and the need to build up financial reserves in the gas utility.Across the city’s utilities, “we’re seeing increasing operation costs,” Billy Vaughan, the Department of Public Utilities’ senior deputy director for finance, told Richmond’s Public Utilities and Services Commission during a presentation Thursd…
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