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The Board unanimously approved electric rate schedules taking effect July 1, 2026, and authorized a rate stabilization agreement to meet debt service coverage requirements in 2026 and 2027.
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Residents will be subject to the approved electric rate schedules beginning July 1, 2026; the minutes do not provide the specific rate amounts. The Board also approved an agreement with American Municipal Power intended to help meet required debt coverage levels during 2026 and 2027. Utilities staff also reported ongoing electric, water, wastewater, and pollution-control maintenance work.
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