FPUD chooses Raftelis for rate study and long-term financial plan

Raftelis Financial Consultants, Inc., has been chosen to assist the Fallbrook Public Utility District with the development of a rate study and a ten-year financial plan.

FPUD's board voted 5-0 September 26 to authorize a contract for up to $106,162 with Raftelis, which is headquartered in Charlotte, North Carolina, and has offices in Los Angeles and Murrieta. The FPUD action also authorized an additional $30,000 for short-term staffing support if necessary.

"We expect by the end of the year, November/December, the initial results will go back to the board," said FPUD general manager Brian Brad...