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Board approves TVA-driven electric rate increase and a gas purchase adjustment; gas increase details recorded by staff
Summary
The board approved a 6.6% retail electric rate adjustment tied to a TVA wholesale fuel-cost change and approved a gas department purchase-gas adjustment that staff said increased 2.6¢ and resulted in a 3.62 (units not specified) across-the-board increase as recorded in the meeting.
The Board of Mayor and Aldermen approved an adjustment to Springfield Electric Department retail rates reflecting a 6.6% wholesale fuel-cost increase enacted by the Tennessee Valley Authority, and approved a gas-department purchase adjustment that city staff reported as a 2.6¢ increase.
At the meeting, staff reported, “It’s…
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