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Rocky Mount council adopts purchase-power adjustment after debate over whether it is a rate increase
Summary
The Rocky Mount City Council voted to adopt a purchase-power adjustment (PPA) policy to cover rising electric costs for the remainder of fiscal 2026 after members disputed whether the change is a formal rate increase or an administrative charge.
The Rocky Mount City Council on a voice vote adopted an ordinance to authorize a purchase-power adjustment (PPA) rate for the remainder of fiscal year 2026, a measure city attorneys said is permitted under limited statutory exceptions.
City Attorney (attorney) told council members that state law requires a public hearing when a city sets or adjusts electric rates but that the statute contains exceptions, including for catastrophic events or where an adjustment is needed to comply with bond or contractual obligations. "The…
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