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.


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