Rate Watch

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November 19, 2009

Southern’s Board of Directors has approved the 2010 Budget for Capital Expenditure items. The budget was reviewed in detail by the Board’s Budget Committee in October, and their final recommendation was approved by the entire Board at their November 11th meeting.

The Capital Expenditure Budget for 2010 amounts to $11.6 million, which is an increase from 2009 of 8.75 percent.

Also at their November meeting, the Board approved the implementation of a an overall rate increase of 5.3 percent, with individual rate adjustments to be no more than two percent over or under 5.3 percent. The actual individual rates per customer class will be determined by a rate study which will be examined by the Board in December. At that time, they will also consider the final rate increase, which would be implemented on January 1, 2010.

If you are interested in seeing the latest news on rates, check back to "Rate Watch".