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Council adopts electric, gas and water dividend fees and removes pilot line from rates
Summary
Council approved ordinances converting the utilities’ pilot payment to an explicit dividend fee for electric, gas and water, and amended rates to reflect the change; the move was presented as increasing transparency of utility transfers to the general fund.
The Hastings City Council approved ordinances creating explicit electric, gas and water dividend fees and removed the previously described “pilot” line from utility rates. The council voted 8–0 on ordinances to establish the dividend fee for each utility and, after a second reading, suspended the rules to adopt final reading as part of the same meeting. City staff said the new dividend…
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