Electric rates rise 4% as assembly gives final approval

Petersburg’s electric utility rates will go up 4% on July 1 after the Borough Assembly approved the third reading of Ordinance 2026-08 at its June 1 meeting.

The ordinance raises electric rates across all customer classes — residential, general service, large commercial, harbor and municipal — for fiscal year 2027.

For a typical residential customer using 1,203 kilowatt-hours a month, the monthly bill rises from about $163 to about $170. The residential customer charge increases from $16.00 to $16.64, and the energy rate moves from 12.2 cents to 12.7 cents per kilowatt-hour. The ordinance also...