While the rates are not going down, LMUD general manager Frank Cady made it fairly clear that they were not going up.
“As a district under the boards guidance, we’ve done a very good job the last three or four quarters,” Cady said. “We’ve been fairly conscious with our energy purchases, and it has been a pretty straight line for the last three quarters. There is no indication that any sort of rate adjustment is needed as far as the third quarter goes.”
Cady’s report was just that: a report on the current rate adjustments for the utility. No action was requested and no decision was made on actual rate adjustment.
The Power Delivery and Cost Adjustment Committee met on Monday, July 16 and approved the decision to keep the rates the same.
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