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Coldwater presents 2026 utility forecasts; proposes modest water and wastewater rate increases
Summary
Staff presented a preliminary 2026 financial forecast for electric, telecom, water and wastewater funds, including proposed rate adjustments (3.9% water, 3.5% wastewater), capital plans and a possible large wastewater bond issuance in 2026.
Staff presented preliminary forecasts for the utility funds and described capital spending priorities and potential rate changes for fiscal 2026, but asked the board to make no decisions at this meeting.
Tom Eldridge, staff member, summarized forecasts: projected electric revenue of $53 million based on current usage with no growth factor or assumed rate change; a power‑cost projection from AMP at about 8.2 cents per kilowatt hour and an expected 481 million kWh of usage yielding…
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