12/23/2025
1 RiversidePublicUtilities.com1
RiversideCA.gov
City CouncilJanuary 13, 2026ANNUAL UTILITY RATE PLAN UPDATE FOR THE RESULTS OF FY 2024-25Riverside Public Utilities RiversidePublicUtilitis.com2
RiversideCA.gov
BACKGROUND1. Current electric and water five-year rate plans approved by City Council on September 19, 20232. Reviews of adopted rates provided annually 1 2
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2 RiversidePublicUtilitis.com3
RiversideCA.gov
ELECTRIC RETAIL KWH SALES AND REVENUE
759 786 709 781 694 701 709 443 440 427 438 475 480 485 923 921 916 927 919 928 941 19 14 12 11 14 14 14 $338$347$353$396$410$433$447 - 50 100 150 200 250 300 350 400 450 500 - 500 1,000 1,500 2,000 2,500 3,000 3,500FY 21-22ActualFY 22-23ActualFY 23-24ActualFY 24-25ActualFY 25-26ProjectionFY 26-27ProjectionFY 27-28ProjectionIn Millions Millions of Kilowatt-hoursResidential kWhCommercial kWhIndustrial kWhOther kWh Total Revenue
RiversidePublicUtilitis.com4
RiversideCA.gov
$136.0$152.5$156.3$171.8$206.8$234.2$35.0$35.0$35.0$35.0$35.0$35.0$0$50$100$150$200$250$300FY 23-24ActualFY 24-25UnauditedFY 25-26ProjectedFY 26-27ProjectedFY 27-28ProjectedFY 28-29Projected (in millions)Undesignated Cash ReservesLine of CreditTarget MinimumELECTRIC UNDESIGNATED CASH RESERVES3 4 12/23/2025
3 RiversidePublicUtilitis.com5
RiversideCA.gov
$256 $228 $124 $- $50 $100 $150 $200 $250 $300SDG&E SCE RPUAverage residential customer bill at 600 kWh per monthELECTRIC RATE COMPARISONSDGE- Rates effective October 1, 2025SCE- Rates effective October 1, 2025RPU- Rates effective January 1, 2025 RiversidePublicUtilitis.com6
RiversideCA.gov
15 13 13 15 14 14 14 10 9 9 10 9 9 9 1 1 1 1 1 1 1 73 70 73 89 87 94 100 $- $20 $40 $60 $80 $100 $120 - 5 10 15 20 25 30 35 40FY 21-22ActualFY 22-23ActualFY 23-24ActualFY 24-25ActualFY 25-26ProjectionFY 26-27ProjectionFY 27-28ProjectionIn Millions Millions of Hundred Cubic-feetResidential (CCF)Commercial/Industrial (CCF)Other (CCF)Total RevenueWATER RETAIL CCF SALES AND REVENUE5 6 12/23/2025
4 RiversidePublicUtilitis.com7
RiversideCA.gov
$43.2$49.9$56.6$56.4$59.3$61.0$25.0$25.0$25.0$25.0$25.0$25.0$0$10$20$30$40$50$60$70$80$90$100FY 23-24ActualFY 24-25UnauditedFY 25-26ProjectedFY 26-27ProjectedFY 27-28ProjectedFY 28-29Projected (in millions)Undesignated Cash ReservesLine of CreditTarget MinimumWATER UNDESIGNATED CASH RESERVES RiversidePublicUtilitis.com8
RiversideCA.gov
WATER RATE COMPARISONWMWD- With rates effective July 1, 2025EMWD- With rates effective January 1, 2025RPU- 3rdyear of new rate plan (2024-2028) effective July 1, 2025 $125 $114 $67 $- $20 $40 $60 $80 $100 $120 $140WMWD EMWD RPUAverage residential customer bill at 20 CCF per month7 8 12/23/2025
5 RiversidePublicUtilitis.com9
RiversideCA.gov
1. Electrification and Distribution System Upgrades a. Clean Fleet Rules - Zero emission vehicle purchases b. Distribution System Upgrades – Internal operations and to support community2. Water Treatment to meet PFAS regulations3. Aging infrastructure continues to be challenging4. Water pipeline replacementa. Lifecycle 125 years to industry standard 75 yearsUNFUNDED FUTURE COSTS RiversidePublicUtilitis.com10
RiversideCA.gov
WHAT’S AHEADThird Year of new Electric Rates effective January 1, 2026Fiscal Year 2024/25 Annual Audit Report and Financial ResultsFourth Year of Water Rates effective July 1, 2026Continue to monitor market trends, regulatory compliance, and deliver the highest quality water and electric service at the lowest possible rates to benefit the community9 10 12/23/2025
6 RiversidePublicUtilitis.com11
RiversideCA.gov
That the City Council receive the annual electric and water utility rate plan update for the results of Fiscal Year 2024/25.RECOMMENDATION11