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Power department outlines rate plan to cover rising costs and capital needs
Summary
Interim energy director Tad Small and business manager Charlie Little told council FY27 proposes modest rate increases, relies on a rate‑stabilization fund to weather UMPA market uncertainty, and funds Gillespie substation and other capital projects to improve reliability.
Interim Energy Director Tad Small presented Provo Power’s FY2027 budget framing reliability, safety and stewardship as the department’s priorities and outlined a five‑year capital program that includes the Gillespie substation replacement and Draper work. Small said the department’s rate stabilization fund and fund balance remain healthy and that the utility aims to keep reliability metrics favorable.
Charlie Little summarized the department’s financial outlook, saying the FY27 plan anticipates…
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