Friday, February 3, 2012

SWUA Sets SVP Rate For 2012

The board approved the 2012 SVP water charge of $5.00 per share for the 2012 irrigation season. This rate is based on an estimate of previous years rate charges as levied by the CUP for maintenance of the syar tunnel and other related delivery costs. This cost has increased each year and is not expected to level or decrease until additional CUP water is used for M&I use stated Garry Brown, irrigation chairman. Brown went onto say that the cost would be substantially more but that SWUA investment returns and power generation have offset the delivery charges to the individual stockholder.