The Freemont Tribune reports:
Fremont utilities customers can expect electric, water and sewer rate increases under a proposed budget approved by the Board of Public Works last Wednesday.
The City Council will hear an overview of the Department of Utilities two-year budget proposal prior to Tuesday’s 7 p.m. meeting on the second floor of the Municipal Building. A public comment period is set for 6:15 p.m. followed by a 6:30 p.m. study session
Much of the electric rate increase can be blamed on $46.758 million worth of upgrades at the Lon D. Wright Power Plant to comply with new Environmental Protection Agency regulations.
The city council last month awarded a contract to Fagen Inc. of Granite Falls, Minn., to add emissions control equipment to the plant, and approved issuance of nearly $10 million in bonds toward the project. The Utility Department will use about $7 million in reserves, and Utilities General Manager Derril Marshall said another $30 million in bonds will be issued next year… [Emphasis added]