Assembly hears Waterworth rate study; approves electric utility code changes on first reading
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.
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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.
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