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Vermillion council approves two-step electric rate increases for 2026 and 2027
Summary
The Vermillion City Council approved a resolution adopting the 2026 and 2027 portions of a multi‑year electric rate plan recommended in a 2024 study with Missouri River Energy Services; staff said residential rates will rise roughly 2% for single‑family customers. The increases take effect with billing after March 15 each year.
The Vermillion City Council on Jan. 20 approved a resolution to implement the second and third years of a previously recommended three‑year electric rate plan.
City Manager John Prescott, presenting staff findings from a 2024 rate study done with Missouri River Energy Services, said the resolution includes proposed rate changes for both 2026 and 2027 and that the changes would be applied to bills after March 15, 2026 and March…
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