Rates: Decrease and increase
PRINCETON — Utility rates and service charges could be adjusted in coming months in an effort to get funds for repairs to Princeton’s sewer system.
At this week’s special planning session for the Princeton City Council, Princeton City Manager Jeff Clawson presented a proposal which would decrease the electric utility service charge rate and increase the sewer service charge, the sewer usage rate and the garbage rate. If approved by the council, the overall increase would be about 3.72 percent. The monthly utility bill for the average residential customer would increase from $211 per month to $219.
Looking at the electric utility, Clawson recommended the council suspend the previously approved October 2013 rate increase and also reduce the residential and commercial service charge in the electric fund by about $5 a month, which would result in a reduction of about $265,000 in that fund. The electric department currently has cash reserves of about $2 million as well as $3 million in operating cash reserves and is fairly positive and maintaining. The rates currently charged to users seem to be at a good place, he said.
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