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Marietta officials say MEAG tax‑credit refund could ease utility pressures; BLW and finance staff report stable position
Summary
Mayor told council Marietta is among the first cities to learn MEAG received a roughly $84.8 million nuclear tax‑credit refund; finance and Board of Lights & Water staff said overall utility finances remain stable, though water sales and wholesale power costs showed recent volatility.
Mayor (Speaker 1) announced that MEAG — the municipal electric authority — reported a large tax‑credit refund described in the meeting packet. "We got a refund of $84,796,909 and 1 and 5¢," the mayor said, noting the city’s ownership share is roughly 13 percent and that the money could be applied to long‑term financing for Vogtle 3 and 4 or otherwise reduce future rate pressure after 12 years without a rate increase.
Councilman Kent and BLW representatives summarized recent Board of Lights & Water reviews. Speaker…
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