Iola City Council members will continue to look at potential rate hikes to ensure its electric fund remains solvent.
Council members were given an “electric rates 101” lesson Monday by energy consultant Scott Shreve of EMG. Shreve broke down how increases in electric rates, meter charges or other funds would affect monthly bills for residential or industrial consumers.
Among Shreve’s notes:
— Iola customers paid about $1 million less for electricity in 2014 through the city’s new consortium, the Southwind Energy…
Utility surpluses critical to general fund
