Electric rate study proposes increases for 2022 and 2023
November 4, 2021
During Monday's meeting the Borough Assembly listened to a presentation by John Heberling on the Petersburg Municipal Power & Light 2021 electric rate study conducted by D. Hittle & Associates.
The rate study proposes increases to electrical rates for all classes of customers in Petersburg with the full rate adjustment being made over the span of two years.
The study identified future energy issues and how they would impact the forecasted cost of energy to Petersburg.
The two major factors impacting the projected revenue requirements are the increased costs of power purchases and...