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Consultant presents two rate paths for Thief River Falls electric utility; small residential bills rise by a few dollars monthly under proposals
Summary
A consultant told the council the electric utility faces declining reserves without rate changes and presented two scenarios: 2.5% annual increases under the regular debt schedule or 3.5% if the city accelerates debt payoff. A small residential customer’s bill would rise roughly $1.28–$2.98 per month depending on the path.
Thief River Falls — A consultant presenting an electric‑rate study for the city told council members that without rate increases the utility’s reserves could drop from about $8.8 million to roughly $4.2 million over a five‑year forecast, and he laid out two rate paths to stabilize finances.
David Hurd, the consultant, showed a baseline scenario with no rate changes under the regular debt schedule in which operating results weaken and reserves trend downward. He also presented an accelerated‑debt…
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