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Seymour to pay $220,700 of storm-driven January electric bill; board approves nine-month payoff
Summary
After Winter Storm Fern pushed January electricity costs higher, the Board of Aldermen approved a plan to pay $220,700.89 now and carry the remaining $152,914.29 on a nine-month schedule rather than passing the cost to residents or businesses.
The Seymour Board of Aldermen voted Feb. 19 to pay $220,700.89 of a $373,615.18 January electric invoice driven by Winter Storm Fern and to finance the remaining $152,914.29 over nine months. City Administrator Hillary Elliott recommended the nine-month payoff and said she "does not recommend passing the cost onto the businesses and residents."
The surcharge followed a national surge in energy prices tied to the winter storm. Elliott told the board the city has the option to carry the remaining balance with about 5% interest (or possibly less) over nine months; the board approved the nine-month plan on a motion by Alderman Doug Denney, seconded by Alderman Bub Wallace. Those present — Aldermen Jim Ashley, Doug Denney and Bub Wallace — voted yes; Alderman Dan Wehmer was absent.
The board did not vote to shift the charge to local businesses or households, following Elliott’s recommendation. The decision means the city will record the deferred balance and associated interest on its books and manage payments on the approved schedule. No further public hearings on the invoice were announced at the meeting.
