From the Weatherford Democrat, By TYLER MASK, 07/25/14 –
As part of an ongoing discussion, the City of Weatherford Municipal Utilities Board Thursday was taken through part two of the rate-making process for the city’s proposed capital improvement plan. The result of this plan will have a direct impact on utility rates for city customers.
At a special called board meeting on July 8, during the Financial Forecast Model Update, the board decided on 50 percent debt and 50 percent cash for funding for capital improvement plan projects and to have rate increases phase in over a three-year period with projected rates impacting years 2015-2019 – until the next study.
The current system results for rate increases, according to the study conducted by NewGen Strategies and Solutions, are: