The Petersburg Borough Assembly and Power and Light staff will meet this Friday to determine whether or not to raise electric rates by 2 percent.
Power and Light Superintendent Joe Nelson requested direction from the assembly last Monday evening. Nelson said his department had two options to consider as it prepares next year’s budget.
“Should we go with the rate increases, stay solvent make sure that we have adequate money for depreciation looking forward or should we draw the reserve down and postpone that for future years,” Nelson asked.
Nelson recommended a rate increase last December becau...
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