Bonita Springs Utilities Inc. members will not see a rate increase this year on their utility bills. For the tenth consecutive year, the BSU board of directors voted to maintain its current rates.
The member-owned cooperative could have raised rates by 1.3% without approval under its franchise agreement. The not-for-profit water and wastewater utility is permitted to raise rates annually based on the U.S. Consumer Price Index for the South Region. The Bureau of Labor Statistics publishes the CPI, a measure of the average change in prices over time of goods and services purchased by households.
“Especially during the COVID-19 pandemic that has created financial hardships for many of our members, we are committed to keeping rates the same,” said BSU Executive Director John R. Jenkins. “It’s one of the ways we can support our members, while still delivering the same quality water and wastewater service they’ve come to expect from BSU.”
Bonita Springs Utilities Inc. is a not-for-profit water and wastewater utility cooperative founded by local citizens in 1970. The member-owned utility provides service in the City of Bonita Springs, the Village of Estero and unincorporated South Lee County. The utility is recognized as an industry leader with awards from the American Water Works Association, Florida Department of Environmental Protection and Florida Water Environment Association.
For more information, visit the BSU website at www.BSU.us.