Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Norwood Light & Broadband present FY26 budgets; board approves budgets and project funding
Summary
Norwood Light & Broadband officials presented FY26 electric and broadband budgets March 25, detailing no planned electric rate increase, a multi‑year underground paper‑cable replacement project and progress on fiber‑to‑the‑home construction; the Board of Selectmen voted to approve the budgets.
Norwood Light & Broadband leaders told the Board of Selectmen on March 25 that the department’s FY26 electric request totals $62,635,000 and the broadband request totals $8,002,650, and the board voted to approve both budgets.
The utilities’ leadership — Kevin Shaughnessy, superintendent of Norwood Light & Broadband; Dan Morrissey, chief operating officer; Jason Haber, who oversees the electric division; and Daryl Hansen, broadband manager — said the electric budget is down about 0.2% from FY25, mainly because debt service is dropping off, and there is no planned electric rate increase for FY26. Shaughnessy told the board the last electric increase was in February 2018 and noted a lower purchase power adjustment that has slightly reduced customer bills.
Why it matters: the electric budget change and the department’s capital choices affect rate stability and service reliability in Norwood. Department leaders said they have hedged a significant portion of power purchases and maintain rate stabilization…
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
