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Coldwater BPU approves modest water and wastewater rate increases after financial review
Summary
The City of Coldwater Board of Public Utilities voted to approve proposed water and wastewater rate adjustments — a 3.9% annual increase for water and a 3.5% increase for wastewater — and forwarded the changes to city council after a rate study and financial projection presented by Utility Financial Solutions.
The City of Coldwater Board of Public Utilities on Wednesday approved proposed rate adjustments for water and wastewater that the board’s consultant said are intended to stabilize operating income, cash reserves and debt-coverage ratios ahead of planned capital work.
Dawn Lund, vice president of Utility Financial Solutions, told the board her firm recommends a 3.9% annual adjustment for water and a 3.5% adjustment for wastewater beginning in fiscal 2026 to “stabilize that operating income” and maintain a stronger cash balance ahead of future capital and debt issuance. "If we did nothing in the water utility for rate adjustments, the utility would operate at losses by 2030," Lund said during her presentation.
The consultant presented five‑year financial projections showing operating…
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