FY2028 Preliminary Utilities Rate Projections

At a glance

• What: Staff's preliminary utilities financial forecast and rate projections for FY2028.
• Where it stands: Discussed by the Utilities Advisory Commission on November 4, 2026; no vote was taken.

Sources

• https://cityofpaloalto.primegov.com/Public/CompiledDocument?meetingTemplateId=19073&compileOutputType=1

Log

• 2026-11-04 - 2026-11-04 - Utilities Advisory Commission Regular Meeting: Preliminary FY2028 increases of 7% electric, 7% gas, 6% water and 12% wastewater collection (wastewater down from 14% previously forecast, helped by a better-than-forecast FY2026 result). Commissioners asked for a clearer top-line view of cost drivers and the effect of reserve policies.