Logansport Utilities’ electric rate adjustment
Last Updated on September 24, 2024 by Cass County Communication Network
SOURCE: News release from Logansport Utilities
Logansport Utilities’ electric rates are scheduled to be updated starting January 1, 2025.
The Logansport Utilities Service Board has approved a resolution for a change in electricity rates and charges for years 2025 to 2029 to help balance the increasing costs of labor, insurance, cost-to-serve and future purchased power agreements.
As part of the fiscal year 2025 budget, LU will update rates across all residential and commercial tiers and implement the 5-year electric rate schedule.
The impact will be minimal to residential electric customers (inside 500 kilowatt hour/kWh) with only a 1% increase in electric rates in 2025, adding $1.02 to monthly bills. Commercial customers will see an increase of $1.82.
This is the first electric rate adjustment for Logansport Utilities in twelve years.
Logansport Utilities remains at the bottom of electric rates in comparison with other Indiana electric service providers.
The approved resolution will be forwarded to the Logansport city clerk treasurer and the city council for review and creation of a rate ordinance to finalize the proposed rate adjustments
About Logansport Utilities is a municipal owned, board operated electric and water utility serving the city of Logansport and surrounding county areas in northern Indiana. Started in 1894, the utility offers electricity and clean water to more than 20,000 residents and businesses. LU continues to serve and drive redevelopment in the region. For more information about LU: logansportutilities.com
The chart below was shared on Logansport Utilities Facebook page:
