Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Utilities Rates topic
No spam. Unsubscribe anytime.
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 increased 6.6% this month,” in reference to the TVA wholesale fuel-cost adjustment for the electric department; the board voted 6 to 0 to adopt the retail-rate adjustment. For gas rates, Benjy Davis told the board “the purchase gas adjustment increased 2.6¢, which results in across the board increase of 3.62,” as recorded in the transcript; the board voted 6 to 0 to adopt the adjustment. The transcript does not supply a unit for the “3.62” number or a precise percent, so the meeting record shows the numeric wording as stated by staff.
Why it matters: the adjustments will appear on customers’ utility bills and were adopted unanimously at the meeting. The electric increase was explicitly tied to TVA’s wholesale increase; the gas adjustment was presented by gas-department staff and recorded in the public discussion.
Details: both items were on the administrative agenda and passed by 6-0 votes; no further conditions or follow-up assignments were recorded in the transcript for these items.
