Perkasie tables fall power purchase as PJM billing changes loom
Summary
Council voted unanimously to table Resolution #2024-65, delaying a 2024 fall power purchase to the spring amid concerns about potential electric-rate impacts from PJM's new installed-capacity billing practices; staff will draft a rate ordinance and advertise a December hearing.
After discussion on indicative pricing for a fall power purchase, Perkasie Borough Council on Nov. 18 unanimously voted to table Resolution #2024-65 and defer any power purchase decision to the spring.
Borough Manager Andrea L. Coaxum briefed council on recent meetings and communications regarding a possible increase in electric rates tied to PJM Interconnection's new billing practices for installed capacity; council also authorized staff and the solicitor to draft an ordinance setting 2025 electric rates and to advertise a public hearing for the Dec. 16 meeting.
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