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WaterWorth presents multi‑year rate scenarios; wastewater model shows large near‑term hikes unless reserves or revenue change
Summary
A WaterWorth presentation to the assembly outlined wastewater and electric financial forecasts that showed cash shortfalls tied to major capital projects (pump stations, effluent disinfection). The wastewater model projects a large multi‑year rise (combined ~53.5% over 2027–2031 in one scenario); WaterWorth showed an average 4,000‑gallon wastewater bill rising roughly $12.51 under the proposed scenario. The assembly asked staff for alternative spread‑out scenarios and effects of a new 1–2 MW customer on rates.
WaterWorth presenters walked the Petersburg Borough Assembly through baseline and alternative models for the borough’s wastewater and electric funds and recommended rate scenarios to protect cash reserves and meet upcoming debt service.
On the wastewater side, presenters highlighted three large near‑term capital peaks: a pump station project (about $3.4 million), the Skow Bay work (approximately $5.1 million) and an effluent disinfection project in the 2030 window. The model combines operating expenses, existing debt service and proposed new debt and shows cash deficits in 2028–2029 if rates remain at status quo. WaterWorth noted a $10 million grant for effluent disinfection that…
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