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SELCO unanimously approved electric rate increases effective March 1, 2026, including a 3.5% increase for residential customers and a new income-qualified rate that removes the monthly customer charge for eligible households. The Commission also approved 2026 electric and cable budgets and authorized the purchase of 218-220 North Quinsigamond Avenue for $680,000.
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Residential electric rates are expected to rise 3.5%, while increases for other customer groups range from 4.5% to 35%. Eligible income-qualified residential customers will be able to apply for a rate that removes the monthly customer charge. SELCO also approved a $31 million power supply budget, a cable budget projected to remain flat overall, and a property purchase intended to support a future building site.
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