At an October 28th special meeting, the Board of City Commissioners again addressed how to recover additional electric costs due to the February winter storm and current natural gas prices.
After discussion, and a presentation from city staff, the Board of City Commissioners approved a plan that will use the refinancing of debt to cover the excess cost of electricity incurred during Winter Storm URI in February 2021 (referred to as PCAx costs).
For more information on this story, please visit the link below for a press release regarding the actions taken.