McPherson utility board to take first step toward possible electric rate increase, revenue bonds
Revenue bonds are repaid out of utility charges, placing the cost on ratepayers rather than property taxpayers
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Become a subscriberMcPherson's Board of Public Utilities meets at 3 p.m. Monday, Sept. 14, at the BPU office, 401 W. Kansas Ave., to consider resolutions of intent for an electric rate increase and electric system revenue bonds — the opening step toward possible higher power bills, according to the published agenda.
The companion item, resolution 26-1, would state the board's intent to issue electric system revenue bonds.
Before the two resolutions, the board is set to work through routine business — minutes, vouchers and the treasurer's report — and afterward to hear operations reports covering administration, electric distribution, water distribution and electric production.
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