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Waverly Utilities previews 2026 budget and proposes 5% residential, 6% commercial rate increases
Summary
Staff presented a preliminary 2026 budget that assumes roughly $22 million in operating revenues and proposed a 5% residential and 6% commercial rate increase to cover rising purchase power and transmission costs; board discussed rate-stabilization and decommissioning funds and directed staff to return with updated figures.
Waverly Utilities staff presented a preliminary 2026 budget to the Board of Trustees, warning of upward pressure from purchase power and transmission costs and proposing a 5 percent increase for residential rates and 6 percent for commercial and industrial services.
Kurt (staff member) told the board that the utility is proposing to keep kilowatt-hour sales flat for 2026 while budgeting operating revenues of about $22,000,000. He said the draft budget assumes a 6 percent increase in purchase power costs and a 15 percent…
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