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Finance report: reserves near record levels; staff propose $3.9M in FY26 capital and note supplemental energy impacts
Marietta Board of Lights and Water · March 10, 2025
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Summary
Finance staff reported improved margins and excess reserves of $30.7 million, discussed supplemental energy and off‑system sales ($794,000 in January), and said the FY26 draft budget will include about $3.9 million in capital funding.
Bettina Brown presented the utility’s supplemental and February financial statements on March 10, explaining that reporting runs one month behind and the packet reflected January activity. Brown said weather-driven supplemental energy purchases caused variance in the month but that MEAG’s current-year wholesale cents-per-kilowatt-hour was…
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