Consultants present electric rate study; recommend 4% adjustment
Utility Financial Solutions presented an electric rate study to the council, citing minimum cash-reserve needs, projection targets and recommending a 4% rate adjustment in its projection summary.
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Bob Blank of Utility Financial Solutions presented the City's Electric Utility Rate Study and outlined the firm's analysis of minimum cash reserves, projection targets and optimal operating income. Blank told the council the projection summary included a recommended 4% adjustment to rates.
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