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The Board unanimously approved a voluntary $650,000 transfer from Belmont Municipal Light Department operating cash to the Town’s General Revenue Fund. Belmont Light also reported that January spot-market power costs were about 76% above budget, making a Power Cost Adjustment likely around May 1.
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The approved payment will move $650,000 from the light department’s cash account to the Town’s general revenues; the minutes describe it as voluntary rather than a mandated tax. Higher winter power costs may lead to a customer-bill adjustment over about eight months to recover those pass-through costs. The Board also approved the General Manager’s amended 2026 goals, including a cybersecurity target to raise compliance from approximately 28% to 60%.
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