The Newport Plain Talk
Local Sports Search Sports Archive The Running Journal SEC Sports
Obituaries Obituaries Archive
Subscribe Today! Learn More About:
Search: Recent News Archives or try Advanced Search
CURRENT CONDITIONS
Mostly Cloudy Mostly Cloudy
67 °
Click For Extended Forecast


More Jobs
In Newport, TN



choose text size bigger text smaller text

NU eyes rate hike: Increase would take effect in October

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 monthly meeting.

For more details, please see the Thursday edition of the Newport Plain Talk.

Print This Story Print This Story Email This Story Email This Story To A Friend

Subscribe to The Newport Plain Talk by clicking SUBSCRIBE. Sign up for Breaking News emails from The Newport Plain Talk by clicking EMAIL ALERTS and inputting your email address next to "Add Me" near the top right corner.

Find more businesses on

Attorneys · Automotive · Health Care · Restaurants Retail · Services · Home & Garden · Recreation
 

GET BREAKING NEWS

Enter your email address to sign up.
Email Address:
Receive special offers from The Newport Plain Talk.


PHOTO GALLERY


RECENT GALLERIES

View All Galleries