Lincoln Electric System proposed a 2.9 percent rate increase Thursday night to take effect next year.
According to LES, the increase isn't because of higher power costs. Instead, the hike would come as part of the utility's involvement in the Southwest Power Pool, debt service and "other operating and lab expenses." Part of those expenses include a $1 million increase to the LES Sustainable Energy Program, a portion of LES dedicated to funding renewable energies.
If the proposal goes through, residents could see an increase of $2.41 to their monthly bill. Lincoln's proposed adjustment would mean about $94 a month for the average customer. In comparison to other regional cities, Omaha's current rate is $111 and Des Moines' $105. According to its report, LES has the lowest rate of nine other cities in the region.
The LES board will finalize its budget October 18th and the City Council will hold a public hearing on November 4th. The council's final review of the proposed increase is set for November 25th.