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Assembly hears Waterworth rate study; approves electric utility code changes on first reading
Summary
Waterworth presented recommended FY2027 electric and wastewater rates and the Assembly approved Ordinance #2026-08 on first reading to update the municipal electric utility code and rates intended to cover operating costs, reserves and debt coverage.
Consultant Aryan Chawla of Waterworth presented the borough’s FY2027 electric and wastewater rate study and answered Assembly questions about recommended rates to ensure Petersburg Municipal Power & Light can fully cover operating expenses, inflation, capital needs, reserve requirements and debt coverage obligations.
The Assembly subsequently approved Ordinance #2026-08 on its first reading by unanimous roll call vote; the ordinance updates Chapter 14.16 of the Municipal Code ("Electric Utility") to codify the revised rates and fees for FY2027. No final dollar figures for individual rate tiers were included in the meeting minutes; further details are expected in the rate study materials and associated memos from Director Karl Hagerman.
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