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Lakeland Electric committee recommends keeping fuel rate at $41.50/MWh and approves transformer monitoring purchase
Summary
The Lakeland Electric Utility Committee recommended maintaining the fuel cost component at $41.50 per MWh after a market briefing that cited winter price spikes and storage withdrawals, and approved a sole‑source purchase of dissolved‑gas analysis equipment for $184,298; both items will go to the city commission for final action.
At a meeting of the Lakeland Electric Utility Committee, staff recommended keeping the fuel rate at $41.50 per megawatt‑hour and the committee gave the item a favorable recommendation to the full city commission. The recommendation followed a fuel‑market briefing that described a polar vortex‑driven price spike this winter, heavy withdrawals from gas storage and growing U.S. LNG exports as factors contributing to price risk.
Sandra Reed, the fuels manager, told…
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