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Rochelle officials are considering electric rate changes in the future

City officials in Rochelle heard a presentation last night dealing with the financial status of the RMU electric department.

Mark Beauchamp, President of Utility Financial Solutions in Holland, Michigan, talked about 3 targets for the city. They involved debt coverage ratios, minimum cash reserve, and operating income. He said that RMU is in good financial shape involving the electric department.

He did say that they need to make a few tweeks which will be a small impact to the rate payers.

Beauchamp also talked about a possible rate increase in the future. He said that the city should avoid double digit rate increases. Beauchamp recommended a 2.1 percent increasse per year for electrical customers.

Utility Financial Solutions is currently working on a cost of service study for Rochelle dealing with power cost adjustments and rate design.

The city plans to apply for federal funding dealing with sanitary sewer work that involves a lining project in the Meadowbrook Subdivision. Water and Water Reclamation Superintendent Adam Lanning said that the lining with prevent leakage into the pipes.

The project is expected to cost $376,710. The grant would total just over $284,650.

The council also approved engineering work for the radium problem at the water tower near the high school at a cost of $453,000.

If the city is able to lower the radium level below state requirements for 4 consecutive quarters, they would not have to build a treatment plant. If constructed, the facility would cost around 3.4 million dollars.

Absent from last night's meeting was Mayor Chet Olson.

 

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