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Edmond Electric forecasts flat base rates, flags wholesale power and tariffs as risks
Summary
Edmond Electric staff presented a FY26 budget showing roughly $116 million in expected revenues, identified wholesale power (driven by natural gas prices) and material tariffs as primary cost risks, and proposed targeted staffing and capital work including substations and feeder upgrades funded in part by bond proceeds.
Mr. Fisher, representing Edmond Electric staff, presented the electric utility budget and capital program for fiscal year 2025–26, reporting expected revenues of about $116 million and highlighting wholesale power purchases as the largest cost component.
The utility expects to use approximately $8.2 million in bond proceeds for capital projects while beginning debt service on a recent $22 million issuance. Staff said they do not anticipate changing base retail rates in the next five years but continue…
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