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MEAN official briefs Waverly Utilities on market expansion, 9.8% rate increase and cost drivers
Summary
MEAN officials briefed the Waverly Utilities Board on factors behind a 9.8% wholesale rate increase effective April 1, 2025, citing a $3.1 million one-time implementation cost tied to Southwest Power Pool expansion and rising capital needs.
The Municipal Energy Agency of Nebraska (MEAN) briefed the Waverly Utilities Board on wholesale market changes, rising capital costs and the reasons behind a 9.8% wholesale rate increase that took effect April 1, 2025.
Kyle, a MEAN representative, told the board that MEAN’s footprint is geographically diverse and that several market and capital drivers pushed costs higher. He identified three primary cost drivers: wholesale market expansion and implementation costs; plant capital and O&M; and other wholesale and power purchase costs. “What we had to do to cover our costs” included a 9.8% rate increase, Kyle said, and he explained that some costs were one-time implementation charges tied to market expansion while others reflect ongoing capital and operating needs.
On the market-expansion point,…
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