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New power rate could help hospital, schools


February 2, 2017

Petersburg Power and Light could be asked to subsidize electric rates to Borough general fund users, the hospital, cold storage and schools.

In a joint meeting with the schools and hospital, Borough Manager Steve Giesbrecht asked the finance department to run numbers showing the potential savings if a Municipal Rate were set at $9/mo. plus 6.9-cents per kwh. Savings to each entity would

be $233,179 each year and the borough electric utility would subsidize the savings through their revenue stream.

Manager Giesbrecht wrote: “Important to remember this would cost Power and Light the same a...

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