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City’s electric utility seeks bond authorization, two new substations and a 1% rate increase to fund infrastructure
Summary
Clarksville Department of Electricity staff outlined a plan to issue revenue bonds to finance two substations, smart‑grid investments and system improvements. The department said a bond plan plus a roughly 1% electric usage rate increase (estimated $2–$4 per customer) would cover rising capital costs and prevent a larger immediate rate hike.
City electric staff presented details of a proposed revenue bond issuance to the council on April 24 that would refund a prior 2015 series and finance new capital investments including two substations, smart‑grid upgrades and system improvements.
Taylor, representing the Clarksville Department of Electricity (CDE), told council that the utility has grown from about 83,000 to 86,000 customers and faces sharply higher procurement and materials costs for distribution equipment. He said transformers and other materials rose substantially since 2019 and that recent substations cost…
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