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Monmouth council approves utility rate increases for electric, water and stormwater
Summary
The Monmouth City Council on June 3 approved a 6% electric rate increase, a 5.5% water increase and a 3% stormwater fee increase as part of the FY 2025–26 budget process.
The Monmouth City Council on June 3 approved rate increases for the city’s utilities: a 6% increase for electric service, a 5.5% increase for water service and a 3% increase to the stormwater utility fee.
Wade Carey, Monmouth Power & Light director, told the council a combination of rising wholesale power costs and historic underinvestment in the distribution system left the utility facing operating shortfalls and declining reserves. Carey said the utility began a multi-year cost-of-service study earlier this year and that the consultant will present the full analysis at a July 15 meeting. "If we continue on the path…
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