Commissioners Consider Cash Reserve for Utility

Summary


Chastened by a customer backlash against an electric rate increase in September, commissioners for Clark Public Utilities are considering whether to build up cash reserves in 2011.

The reserve created by that rate hike would provide a small cushion in the utilitys proposed $273 million electric system budget.

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Extract


Commissioners Consider Cash Reserve for Utility

The utilitys three elected commissioners indicated Tuesday that a projected year-end budget surplus of almost $10 million could be used a...

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