Marietta City Council applies $2.2M MEAG settlement to electric cost

In a recent meeting of the Marietta Board of Lights and Water, significant discussions centered around the year-end budget and the implications of rising electricity demand. The board unanimously approved a budget that reflects an increase in revenue, attributed to heightened retail electricity sales. This decision comes amid broader industry challenges, including the need for sustainable energy generation sources.

The board highlighted the importance of adapting policies to ensure that new projects contribute adequately to the capital needed for energy supply. This is particularly relevant as Marietta navigates the complexities of energy generation and distribution, especially with ongoing discussions about potential projects in neighboring Coweta County.

A key point of discussion was the year-end settlement from the Municipal Electric Authority of Georgia (MEAG), which amounted to $2.2 million. The board recommended that this sum be applied to the upcoming MEAG bill, a standard practice that helps manage the city's electric costs. However, it was noted that the overall year-end settlement was impacted by various projects, which may alter the expected financial outcomes for the city.

The meeting also emphasized the value of collaboration among board members and staff, encouraging participation in upcoming conventions aimed at fostering education and networking within the electric utility sector. This initiative is seen as vital for sharing best practices and enhancing operational efficiency.

As Marietta continues to address its energy needs and budgetary considerations, the board's decisions reflect a proactive approach to managing resources and planning for future demands. The next steps will involve implementing the approved budget and monitoring the effects of the MEAG settlement on the city's financial health.