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Council approves $722,745 budget amendment to cover MEAG year‑end settlement
Summary
City staff told the council Marietta owes about $722,746 to the municipal electric authority (MEAG) after a year‑end reconciliation; council approved a FY2026 budget amendment to pay the amount in three installments by the end of the fiscal year.
Marietta council approved a budget amendment on a 7–0 vote to cover a MEAG (Municipal Electric Authority of Georgia) year‑end under‑recovery totaling roughly $722,745.19.
Finance staff told the council that reconciliation between budgeted and actual supplemental sales, together with reallocations of Georgia Power O&M charges to MEAG projects, produced an under‑recovery that the city must pay this year. "The amount that is due is $722,746," said…
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