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Grand Island council adopts ordinance to set higher deposits for very large new electric accounts
Summary
The City Council approved Ordinance 10062 to allow commercial/industrial deposits equal to two times a monthly bill for new customers with demand of 1,000 kW or more; staff said the threshold targets very large new loads while some council members warned of business deterrence and shared risk for ratepayers.
The Grand Island City Council on Feb. 10 adopted Ordinance 10062 to allow higher security deposits for certain very large new electric customers.
Utility presenter Ryan Schmitz told the council the change would allow deposits equal to two times a customer’s monthly bill for new accounts with a demand of 1,000 kilowatts (kW) or greater — a threshold Schmitz said would affect only new industrial‑scale loads. "We're not asking that here tonight for existing customers," Schmitz said,…
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