Sometimes being bull-headed about being right proves an act of folly. Gas council members may be on the verge of such a mistake.
In 2001, Gas negotiated a contract with Iola to purchase water. A part of the deal that has come to haunt Iola says Gas will be subject to just six raises in its wholesale rate during the life of the document, which runs until 2031.
Iola has forwarded six raises in the past 15 years. Recently its council approved a seventh — for all who purchase — because reserves continue to dwindle from transfers to the general fund, as well as increased…
Being right may backfire for Gas City
