Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bowling Green utilities report $2.7M 2024 power-cost overcollection; board approves reconciliation and a 7% water rate increase
Summary
Utilities staff told the board the city over-collected $2.7 million in 2024 power costs and recommended transferring that amount into the 2025 PCA reconciliation; staff also proposed a one-year, 7% water rate increase to take effect April 1, 2025. The board approved both measures by roll call.
Utilities Director Brian told the Bowling Green board that the city’s 2024 power-supply reconciliation showed an overcollection of $2,700,000 and recommended transferring that sum into the power cost adjustment (PCA) reconciliation for 2025.
The reconciliation, presented under the city’s FAS 71 accounting practice and tied to bond-covenant requirements, compares actual 2024 power-supply transactions to the base power costs used in the PCA. Brian said some months were under-collected and some months over-collected, but the net for 2024 was an overcollection of $2,700,000. He told the board, “the 2,700,000.0 will be transferred back to our PCA…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
