Tag

Rate Hike

All articles tagged with #rate hike

local2 days ago•1 min saved

SAWS proposes four-year rate hike to fund $3B water and sewer upgrades

The San Antonio Water System (SAWS) is proposing phased rate increases through 2029 to fund more than $3 billion in capital improvements to its water and wastewater systems. The average monthly bill would rise from about $57 to roughly $75 (about a 32% increase) as rates climb about 7% annually over four years, equating to roughly a $4 monthly increase each year. A public hearing has been held, with SAWS’s board expected to vote next month; final approval from City Council is required, and changes could take effect by July 1 if approved.

via WOAI|

#capital-improvements #local #rate-hike

business1 month ago•6 min saved

Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires

A brokered agreement between State Farm General and California regulators preserves a 17% average homeowners rate increase that took effect after the Los Angeles wildfires, freezes mass non-renewals in 2026, and delays a fuller rate review until 2027. The deal, which also imposes refunds to condo owners and rental property holders while allowing small increases for renters, sidesteps a broader scrutiny of the insurer’s claims handling amid thousands of fire-related losses and widespread complaints from policyholders.

via Los Angeles Times|

#business #california-department-of-insurance #homeowners-insurance

business3 months ago•4 min saved

Bank of Japan Plans Rate Hike Amid Economic Concerns

The Bank of Japan is expected to raise interest rates to 0.75%, the highest in 30 years, as part of its policy normalization, despite Japan's economic contraction and ongoing inflation concerns. The decision aims to strengthen the yen and contain inflation, but may further slow the economy. Market focus will be on the BOJ's communication regarding the pace of future hikes and the neutral rate, amid ongoing debates about the timing and impact of these policy changes.

via CNBC|

#bank-of-japan #business #interest-rates

financial-markets4 months ago•4 min saved

Asian Stocks Decline as Yen Strengthens and Rate Hike Hopes Rise

Asian stocks declined amid risk aversion, while the yen strengthened and Japanese bond yields surged following BOJ Governor Ueda's hints at potential rate hikes, with investors awaiting US economic data and Fed comments for further direction.

via Reuters|

#asian-stocks #financial-markets #market-sentiment

health7 months ago•9 min saved

Health Insurance Premiums Set to Rise Significantly Across Multiple States

Health insurance companies in Texas are requesting an average premium increase of 24% for ACA plans in 2026, driven by rising healthcare costs and the expiration of expanded tax credits, which could lead to higher costs for consumers and a potential shrinking of the marketplace, especially affecting rural, low-income, and elderly populations.

via The Texas Tribune|

#aca-premiums #health #insurance-market

business8 months ago•1 min saved

New York approves National Grid rate hike, boosting household bills by $600 annually

The New York State Public Service Commission approved a rate increase for National Grid, leading to a 10% rise in bills next month and an overall increase of about $600 annually for the average household in Upstate New York within three years.

via Syracuse.com|

#business #electricity #gas

economy8 months ago•4 min saved

Fed's Divided Stance Leaves Markets in Uncertainty

Federal Reserve Chair Jerome Powell signaled a cautious stance by not cutting interest rates and even hinted at a possible rate increase, citing economic resilience and inflation concerns, which disappointed markets expecting a rate cut in September. Despite internal dissent within the FOMC, Powell emphasized data-driven decisions and suggested a rate cut remains possible later in the year, with some analysts forecasting multiple cuts in 2025.

via Fortune|

#economy #federal-reserve #inflation

finance1 year ago•3 min saved

Global Markets on Alert as Japanese Yen Signals Trouble

The Japanese yen is gaining strength as markets anticipate a potential rate hike by the Bank of Japan, with a 65% chance in December and 83% in January. This has led to key currency pairs like USD/JPY and AUD/JPY breaking critical support levels, which could disrupt global markets similar to the yen rally in July. The BoJ's decisions will be influenced by US economic conditions and Federal Reserve actions, signaling a risk-off environment for now.

via Seeking Alpha|

#bank-of-japan #currency-pairs #finance

business1 year ago•5 min saved

Florida Home Insurance Rates Set to Surge 14%

Florida's state-backed Citizens Property Insurance Corporation plans to increase home insurance rates by 14% next year, affecting over a million residents. This decision comes despite some private insurers cutting or maintaining their rates. The hike, pending regulatory approval, is driven by inflation and frequent severe weather, and aims to move towards actuarially sound rates while remaining lower than most private insurers. The increase will impact primary and secondary homeowners differently, with secondary homes seeing a 50% rise.

via New York Post |

#business #citizens-property-insurance-corporation #florida

businessenergy1 year ago•2 min saved

"National Grid Proposes Significant Rate Hikes for 2024"

National Grid has requested the New York State Public Service Commission to approve a 15-20% rate hike for residential electric and gas customers starting in spring 2025. The increase aims to support infrastructure, customer service, economic growth, and the transition to clean energy. The proposal could potentially spread costs over several years to mitigate the immediate impact. This follows similar rate increases approved for RG&E and NYSEG. Public hearings will be held for customer feedback.

via RochesterFirst|

#businessenergy #clean-energy #national-grid

business1 year ago•0 min saved

National Grid Proposes Significant Rate Hikes for 2024

National Grid is requesting a significant increase in electric and gas rates in Upstate New York to catch up on costs after prioritizing minimal rate hikes during the Covid-19 pandemic.

via syracuse.com|

#business #electric-rates #gas-rates

energy-regulation2 years ago•1 min saved

Michigan AG Nessel Plans Intervention in DTE's $456M Rate Hike Request

Michigan Attorney General Dana Nessel plans to intervene in DTE Energy's $456 million rate hike request, criticizing it as "absurd" and questioning the need for such a substantial increase. DTE argues the hike is necessary for grid improvements and service reliability, but Nessel's office contends that the company has failed to justify previous cost increases. The Michigan Public Service Commission will consider the request, with a history of approving lower rate increases than initially sought by utilities.

via Detroit Free Press|

#dana-nessel #dte-energy #energy-regulation

energy-regulation2 years ago•1 min saved

Michigan Attorney General Steps in as DTE Energy Seeks $450M Rate Hike

Michigan Attorney General Dana Nessel intervened in DTE Electric Company's request for a $450 million rate increase, criticizing the timing and lack of accountability. Just four months ago, DTE was approved for a $368 million rate hike, costing the average residential customer $100 or more annually. Nessel aims to prevent residents from bearing additional costs without quantifiable benefits and has also raised concerns about DTE's five-year distribution plan lacking utility accountability.

via WWMT-TV|

#dana-nessel #dte-electric-company #energy-regulation

business2 years ago•2 min saved

"Homebuyers Seek Alternatives as CPUC Approves Another PG&E Rate Hike"

The California Public Utilities Commission has approved another rate hike for PG&E, adding an average of $5 a month to customers' bills on top of recent historic increases, prompting some potential homebuyers to look outside of PG&E's coverage territory. Lawmakers and customers are expressing frustration over the continuous price hikes, with some calling for legislative intervention to set limits on utility companies' rate increases.

via CBS Sacramento|

#business #california #cpuc

business2 years ago•2 min saved

"CPUC Approves Another PG&E Rate Hike in California"

The California Public Utilities Commission has approved a plan by Pacific Gas & Electric to raise utility bills, with customers expected to see a $4 to $6 increase. The additional charge is intended to help pay for safety upgrades made by the company in 2022. PG&E has also requested more time to make a $1 billion payment, despite reporting profits of over $2 billion last year.

via KCRA Sacramento|

#business #california #pgande