Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Rolla Municipal Utilities forecasts higher costs, proposes modest rate rise for FY26
Summary
Rolla Municipal Utilities reported tornado recovery costs and higher power‑purchase expenses, and RMU finance staff proposed a FY26 residential electric energy rate increase to 9.1¢ per kWh (about 6%). The Board of Public Works approved the FY26 budget; RMU said continued regional wholesale price pressure will affect rates.
Rolla Municipal Utilities (RMU) presented a quarterly operational and financial update to the City Council on Aug. 18, reporting lingering costs from storm restoration and continuing upward pressure on wholesale power prices. RMU business manager Jason Grondell and finance manager Gwen Cresswell said year‑to‑date operating revenues for FY25 were about $25.4 million and operating expenses about $28.1 million, producing a net loss of roughly $585,000 through the third quarter. Staff attributed expense increases to tornado‑related restoration and higher power‑purchase costs. RMU said total tornado recovery costs were approximately $1.5 million; about $500,000 of that damage was to a roof expected to be covered by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
