ORANGE COUNTY, Fla. – The Orlando Utilities commission may soon raise prices on customers by 10%.
OUC has nearly 270,000 customers through parts of Orange and Osceola Counties and its operating revenues increased nearly $80 million last year.
Operating expenses went up nearly 7.5% and operating income increased more than $25 million.
But fuel costs are affecting OUC just like nearly everyone else, according to company CEO Clint Bullock.
OUC customers say if the rate increase goes through they will have no choice but to pay.
“Fuel costs is just what it says,” OUC Clint Bullock began to explain Tuesday. “The cost associated for OUC to purchase the necessary fuels that we need, in addition to the transportation that is needed to transport the fuels we buy from others to make electricity.”
OUC said that in 2021 when fuel costs were low, they did lower their rates. If the board decides to approve the proposed rate increases, then customers will see their new rates this June.