Uses of Revenue
Energy Cost Increases, $12.2 Million
The 2009/10 budget plan currently includes $12.2 million to assist with increases in electricity, natural gas, and water/sewer rates occurring at campuses, which will cover the conservatively projected increases in 2009/10. This projection is reflective of the impact of the California Global Climate Solutions Act (AB 32) on utility general rates case filings that include the cost of new infrastructure necessary for compliance, as well as the sharp increases in both wholesale and retail energy supply. These two factors have resulted in utility rate increases exceeding 10 percent per year, and are forecasted to continue through 2012.
| Cost Increase | CSU Funding Assistance | |
|---|---|---|
| Electricity | 10% | $8,000,000 |
| Natural Gas | 10% | $3,200,000 |
| Water/Sewer | 12% | $1,000,000 |
| Total CSU Funding | Increase | $12,200,000 |