Assembly approves electric rate increase, service agreement with ADOT

The Petersburg Borough Assembly met Monday evening and approved several ordinances and motions.

The assembly unanimously approved on the third and final reading the ordinance to increase and restructure electric rates.

Mayor Mark Jensen was not present at the first two readings of the ordinance and asked Power and Light Superintendent Joe Nelson to clarify whether the rate increase sought to cover depreciation, build reserves or keep the department balanced.

Nelson said the money from the increased rate will be used to cover some of the depreciation, but "there's no intention here or provision...