EID’s proposed rate hikes-compound to 80%!

You must know about EID’s proposed rate increases-and get involved by attending one of their scheduled townhall meetings.  For one close to you-checkout HTTP://www.EID.ORG  They have already begun-there is no time to wait!   They are proposing a series of rate hikes, starting with 35% in 2010.  15% in 2011, and concluding with 5% over the following 3 years-2012-2014.  The notices began arriving the first week of this month.  Altogether it compounds to an 80% increase in 5 years.  The first rate hike is planned to go in to effect a week before Valentine’s Day.  EID sent notices over the Holidays to kick-start a 45 day deadline for ratepayers to mail written protests to EID.  Protests must include the Assessor’s Parcel Number of the property in which the person signing the protest letter has an interest.  Either as the owner, or tenant paying the utility bill.  Only one letter per parcel will be counted.  Under the terms of Proposition 218.  If 51% mail in objections to the rate increase-and do so within 45 days-the increase is defeated.  For more details, or for any information-feel free to contact your neighborhood residential specialist, Wendi-Mae Davis,CRS, GRI, Broker Associate and Real Estate Counselor for Connect Realty. 916-616-0874 or Toll Free 866-333-6333.  HTTP://www.wendimae.com wendimae@wendimae.com