Lincoln Residents To Pay More On Electric Bills

By: Associated Press Email
By: Associated Press Email

Lincoln Electric Service customers will have to pay a monthly dividend charge on their electric bills under a new city ordinance.

The required dividend payments will start September 1, 2011 as a result of a measure the Lincoln City Council approved in August.

The ordinance requires Lincoln Electric Service to pay the city a dividend. The ordinance is expected to generate more than $6 million for the city in its first year.

LES Chairman Kevin Wailes says customers pay some of the nation's lowest rates because the utility is a city-owned nonprofit. Wailes says officials felt it was appropriate to provide the city a dividend for that ownership.

The ordinance was a joint effort of the mayor's office, the city attorney and LES.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 128583538 -
Gray Television, Inc.