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Rate study shows large capital needs; consultant recommends phased rate changes to rebuild utility reserves
Summary
A consultant told the council that Brigham City's electric utility faces tens of millions in capital improvements (including multiple substations) and a projected reserve shortfall; options presented included annual rate increases (example: 4% per year) or targeted increases to the residential customer charge to improve reserve levels.
Brigham City's council heard an in‑depth electric utility rate‑study update on March 19 that outlined large planned capital expenditures, reserve shortfalls, and multiple rate‑design options to increase revenue in coming years.
Consultant Dave Berg said staff assumed aggressive sales growth and a mix of new industrial and residential load in the forecast. Major capital projects through 2030 include multiple substation upgrades; the consultant listed three large substations and other capital that together produce a roughly $47 million capital program across the multi‑year forecast. Berg said about $13.9 million of previously issued bond funds remain available for immediate use and that the analysis assumes an additional $15 million of debt issuance…
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