COLUMBUS, Neb. (AP) - Consumers who get electricity from the Loup Public Power District in eastern Nebraska won’t see an increase in their electricity rates this year.
The Columbus-based power district said the rates will hold steady for the third year in a row because of the district’s financial performance this year and its budget and expenses, according to the Columbus Telegram.
District CEO Neal Suess said the company’s internal costs generally determine whether or not customer rates get raised.
“When we determine to make changes in rates, it’s based upon what our internal costs are and what our costs are to purchase power,” he said. “And overall, with our overall budget, we felt that we could get by without changing rates and still basically get enough additional money to complete our construction projects that we need, without eating into our reserves too much.”
Jim Donoghue, chairman of Loup’s Rates Committee, said in a statement that company representatives have been working to make sure that customer’s rates do not increase next year.
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