|Published: 9:56 AM, 05/30/2013
||Last updated: 9:57 AM, 05/30/2013
Author: Nelson Morais
Source: The Newport Plain Talk
NEWPORT-If you're a resident or small business owner in
Newport or Cocke County, your power bill may go up this fall.
If approved at the Newport Utilities board of directors
meeting in June, the rate increases will go into effect Oct. 1.
The percentage increase for an average residential bill
would be 2.9 percent, and 1.7 percent for small businesses, according to
Finance Director Sherry Frisbee.
The NU board of directors, meeting Tuesday, May 28, heard
Frisbee discuss why three small increases in electric bills spread out over the
next three years may be the best option for the utility.
"Our 2013-2014 budget (which begins July 1) and
five-year projection show expenses increasing three percent a year, but revenue
only one percent a year," Frisbee stated at the regularly scheduled
For more details, please see the Thursday edition of the
Newport Plain Talk.
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