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Lincoln Electric System proposes $713.7 million budget, recommends 3% rate increase; council defers vote
Summary
LES proposed a $713.7 million budget for 2026 and a 3% overall rate increase to cover higher net power and transmission costs and major capital investments; the Lincoln City Council deferred votes on the LES budget and rate schedules to Nov. 17, 2025.
Lincoln City Council on Nov. 3 heard an extensive presentation from Lincoln Electric System on its proposed 2026 budget and accompanying rate changes.
LES staff told the council the recommended budget authorization is $713,700,000, split between operating and capital needs, with an operating budget of about $328.8 million and a capital authorization of $384.9 million. The utility proposed a 3% rate increase across classes, including residential customers, to help cover higher net power costs and rising transmission expenses.
"The rate increase recommendati…
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