Today’s Municipal Services Committee has been canceled due to the lack of a quorum.
The committee was scheduled to discuss increases to electric rates, and will be rescheduled for January.
A quorum is the minimum number of members that must be present at the meeting to make the vote at the meeting valid.
Pasadena Now previously reported Pasadena Water and Power is seeking a 9.5% rate hike to close a $67.9 million revenue shortfall over the next two years.
The increases would roll out in three steps. The first comes in March 2026. October 2026 brings the second. The final phase hits in March 2027.
PWP’s revenue requirements average $259.6 million for the two-year period, the report said. Forecasts show total needs of $334 million in fiscal 2026 alone.
Rising costs are squeezing the utility hard. Equipment and material expenses have jumped 75% to 100% since 2019.
Clean energy procurement costs have doubled in five years. The utility is also investing in battery storage and wildfire resilience.
Without rate adjustments, PWP’s $409 million in reserves would drop $134 million by fiscal 2029.
The committee discussed the rate hikes earlier this month.
The study examined long-term operating costs, infrastructure investment needs, reliability requirements, and the city’s goal of transitioning to carbon-free electricity by 2030.
If approved by the City Council following the public hearing, the new rates could take effect in March.
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