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PUAB reviews $51 million in planned capital projects, staff warns reserves reflect timing not shortfall
Summary
At the Sept. 18 Public Utility Advisory Board meeting, staff presented July financials showing operating reserves and laid out roughly $51 million in planned capital work, including multi‑million‑dollar transformer purchases and temporary contractor hires to accelerate projects.
Sept. 18, 2025 — The Public Utility Advisory Board met at the Independence Utility Center on Thursday to review July financial reports and the utility’s capital improvement program, where staff said about $51 million in capital projects are planned and cautioned that current reserves and timing of expenditures should not be read as a shortfall.
Board members were presented with operating and capital figures for the utility and its divisions. “We finished the period at 11.72% total operating revenues,” a staff member said,…
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