What has led up to the proposed electric rate hike to keep the electric fund afloat? A culmination of many factors has led to the fund being used to pay for various projects over the last 10 to 15 years in Ottawa. Utility Director Dennis Tharp says, “A lot of projects were paid with cash from the fund.”
The City Commission will discuss a 10% electronic rate hike at their meeting on August 7th. Tharp says, “After that, a 4% to 5% increase every year for several years may be needed in order to build up money that will be needed for capital improvements.”
