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Madison officials outline electric, water and public‑works priorities as budget season begins
Summary
Utility and public‑works leaders briefed the council on system work, rising electricity capacity and transmission costs, the MRC solar carport project, EV chargers, and completion of the water‑meter replacement program as the borough starts formal budget hearings.
Municipal staff presented the Borough of Madison’s electric, water and public‑works operations and financial outlook at a budget hearing that opened the borough’s 2025 budget discussions.
Jim Finelli (staff member leading the financial presentation) told the council the borough’s electric fund is in a stronger position than in recent years but warned of “significant issues coming up,” chiefly large increases in electricity capacity and transmission costs driven by regional market changes at PJM. Finelli said Madison has locked in block‑power contracts for roughly half its needs at lower historical prices but that rising capacity and transmission charges purchased in auctions could raise costs for the utility.
Vince Patty, electric utility superintendent, reviewed 2024 accomplishments — including substation relay upgrades, new…
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