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Longmont Power & Communications warns $8 million shortfall without electric rate increase
Summary
LPC staff told council the utility would be about $8 million short in 2026 without a proposed rate increase and described plans to increase maintenance capacity and alter its minimum fund balance policy.
Longmont Power & Communications (LPC) staff told council on Sept. 16 that the electric utility faces a funding gap in 2026 unless the council approves a rate adjustment. LPC representative Daryl said the utility would be about $8 million short in 2026 "if we don't have the rate increase." He described a proposed budget that increases maintenance staffing, continues investments in…
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