70.6 F
Leesburg
Thursday, December 3, 2020
Home Community Mt. Dora City Council Approves New Electric Utility Rates

Mt. Dora City Council Approves New Electric Utility Rates

- Advertisement -

MOUNT DORA — Last week at a city council meeting, the city of Mount Dora approved updated electricity rates. The adjustments will take effect October 1 and will provide necessary revenue for Mount Dora Electric Utility.

A comprehensive study from Leidos Engineering, LLC brought results exhibiting a necessary alteration in rate and expense.

Power cost charge revenues will become reduced by $564,000 as the base rate adjustments increase by approximately $290,000. The noted changes will result in lower bills for the city’s customers within a range of .5% – 2.7%. Additionally, even those who receive general customer service needs will notice a decrease of 2% – 4%.

- Advertisement -

These rate changes remain competitive with Duke Energy and SECO and will keep customers bills lower than the above competitors pricing.

The city affirms that they must make necessary updates to the city’s electrical rates to continue to produce sufficient revenue while providing consistently exceptional service. These alterations will be in accordance with the city’s electrical budget.

- Advertisement -

Subscribe for free daily news

Receive daily emails and keep up with local news 100% Free!

Brittany Gohlke
Brittany Gohlke is a journalism major who welcomes all adventure with her husband and two beautiful children. She enjoys writing, the great outdoors, coffee in excess, and sitting down with a good book.

Most Popular

Sumter County SPCA Hosts Virtual “Jeopardy-style” Fundrasier

Sumter County Humane Society is hosting its second virtual "Jeopardy-style" quiz show fundraiser.

Drugs, Vehicles, & Over $100k Seized In Lake County Drug Bust

Law enforcement officers seized over $36,000 worth of drugs, multiple vehicles, and over $100,000 in cash during drug bust in Clermont, Florida.

Clermont Woman Offers Deputy “Oral Sex” After Arrest

19-year-old Madison Bryant was charged with bribing a public official after offering oral sex to deputy.

Summerfield Man Wanted for Attempted Murder

45-year-old Joey Edward Morgan is wanted for attempted murder after witnesses say he beat his wife along I-75 Thursday morning, pushing her into oncoming traffic.

Recent Comments