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Council discusses utility cost-sharing, line-extension options and shifting pilot into a dividend fee
Summary
City utilities staff proposed a draft approach to recover a share of electric distribution extension costs from developers, and discussed moving the utilities' payment-in-lieu (pilot) out of rates into a city-controlled dividend fee to give the council more flexibility over those transfers.
Hastings utilities staff presented preliminary options to the City Council for sharing the upfront costs of electric line extensions with developers and for moving existing utility payments-in-lieu-of-taxes (pilot) into a separate city dividend fee on utility bills.
"Right now, it takes about 20 years for us to get a payback from that site if they maintain being an average customer and they stay for 20 years," said a utilities staff member, summarizing current line-extension economics for residential lots and showing how modest developer contributions could shorten municipal payback periods. Staff…
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