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Mansfield light department reports $2.2M April net income; plans slight July reduction to generation charge
Summary
General Manager Joe Sollecito reported April 2026 net income of $2.2 million (up from $2.0M last year), a $13.4 million cash position, and a generation charge of $372,000 that officials plan to reduce slightly in July; energy sales were up about 2%.
General Manager Joe Sollecito reviewed the Mansfield Municipal Electric Department’s April 2026 financials, reporting net income of $2.2 million compared with $2.0 million for the same period last year and a cash position of $13.4 million.
Sollecito noted the generation charge had increased in March and stood at $372,000 but that staff plan a slight reduction in July; energy sales were up roughly 2 percent and the depreciation fund totaled $4.6 million. The report was provided as information; no formal vote on rate changes was taken at the meeting.
