Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pensacola council approves $15.9 million settlement, moves to replenish utility fund via bonds and rates study
Summary
The Pensacola City Council approved a settlement in Frank v. City of Pensacola and a supplemental budget resolution to allocate funds, and council and staff discussed using upcoming bond proceeds and future rate adjustments to restore the Pensacola Energy fund balance.
The Pensacola City Council on June 12 approved a settlement related to Frank v. City of Pensacola and adopted a supplemental budget resolution to allocate cash to pay the agreed settlement amounts.
The council approved a settlement agreement (item 25-715) and then adopted supplemental budget resolution number 2025-34 to carry forward the Pensacola Energy fund balance to satisfy the settlement. The mayor and city staff said the settlement payment will total $15,900,000 and that the city plans to replenish the cash via a bond issuance expected in October and, over time, by adjusting Pensacola Energy rates informed by an upcoming rate study.
City officials emphasized the distinction between approving the…
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
