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Gainesville utility set for second 5 mill fuel increase amid winter weather
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News – Mainstreet Daily News Gainesville
Gainesville Regional Utilities (GRU) announced Thursday that it would again raise its fuel adjustment cost by 5 mills in February, following a mirror increase for January.
The administration showed a steep increase in natural gas prices that started as the winter weather approached.
The fuel adjustment on bills is a straight pass-through cost, with the utility earning no revenue from that portion.
The Jacksonville Energy Authority changes its fuel adjustment cost on a monthly basis as natural gas fluctuates.
Bierlarsk said GRU’s adjustment cost hasn’t kept pace with the natural gas prices.