Rate Savings Add Up for Cedar Falls Residents
on Monday, July 24, 2017
We’re proud to report that CFU is once again the lowest cost utility provider among 20 peer communities in Iowa.
During our recent rate survey, the combined bill for electricity, water, natural gas, TV and internet services averaged $254 per month for a Cedar Falls household. The average cost for a customer with identical usage in our peer communities was $330 per month.
That means that an average Cedar Falls resident with all five utility services saves $920 per year. And, community rate savings totaled $12.3 million from June 2016 to May 2017.
CFU has consistently offered favorable rates, maintaining the lowest combined cost for residents in each semi-annual comparison since 2003.
Lower rates do not mean that we’ve deferred necessary maintenance.
Our local Board of Trustees is focused on delivering value today and budgeting for timely investments that help prepare our community for the future.
One example is CFU’s ongoing commitment to move overhead electric lines underground where possible. Most electric outages are caused by damage from wind, animals or falling trees.
Underground lines are protected from the elements. Investing in moving lines underground increases the reliability of electric service.
Approximately 60% of CFU’s urban electric distribution system is currently underground. CFU will continue to steadily move lower voltage electric lines underground, focused on older parts of the distribution system.