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Baldwin City council debates how to spend $30,000 in renewable energy credit proceeds
Summary
Council members weighed returning REC proceeds to the electric fund, applying a one‑month meter credit, placing funds in the electric reserve, or funding a new affordability program; no formal action was taken and council scheduled further discussion at budget workshops.
Baldwin City council members spent the bulk of their meeting discussing how to apply proceeds from recently received renewable energy credits (RECs), with estimates that the first batch will amount to about $30,000.
Council members described four main options: record the REC proceeds as revenue in the electric fund so they reduce the overall rate-setting calculation; apply the money as a one‑time credit tied to the meter fee; place the proceeds in the electric reserve to lower future rate increases; or dedicate the funds to a targeted…
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