The Nebraska Public Power District’s Board of Directors unanimously approved NPPD’s 2016 Wholesale Rate Schedule during a specially-scheduled meeting Wednesday in Grand Island. The rate schedule includes a 3.8 percent overall average increase in 2016 wholesale rates.
The increase will be used to fund transmission investments and $25 million in retiree healthcare benefits associated with past service provided to NPPD’s wholesale customers. Wholesale customers who sign a new 20-year wholesale power contract will receive a rate discount of 3.57 percent because NPPD can finance their portion of the uncollected retiree healthcare obligations over a longer time period. This results in an overall average rate increase for such customers of 0.6 percent.
NPPD’s Board heard from customers both opposed to and in support of the 2016 wholesale rate proposal at a rate hearing Oct. 8 in Columbus.
© Many Signals Communications
MOST VIEWED STORIES
New driver mistake crashes store, injures one
Effort launched to recall Falls City Mayor
Woman arrested in Brown Co after being clocked at 100-plus
Special honors for late local area soldier
Federal lawsuit filed over Holton investigation
Jury finds Holton man guilty on charges
Hearing postponed for man charged in murder of Seneca priest
Tutor terminated at South Brown Co USD 430
Hiawatha's fireworks ban to remain in place
Former Atchison teacher promoted to principal position
Groundbreaking ceremony held for new Hiawatha softball field
Atchison hwy closure planned for bridge removal
Atchison, Amelia Fireworks, in running for nation's #1
U-S Attorney's Office warns of scam attempts
1st of 2 public hearings re: Atchison Co Lake future held
Brown Co Sheriff appointed to state commission
Falls City seeking additional electrical source
LATEST STORIES
New details released in fatal shooting of Seneca priest
U-S Attorney's Office warns of scam attempts
Effort launched to recall Falls City Mayor
Topeka man arrested after Jackson Co traffic stop
Legislative coffees set in Atchison, Wathena
Jury finds Holton man guilty on charges
Brown Co Sheriff appointed to state commission
1st of 2 public hearings re: Atchison Co Lake future held
RELATED STORIES
Cooper Nuclear sirens sound due to false alarm
Neb Public Power District warns of scam attempts
Hydrogen leak repaired at Cooper Nuclear plant
Planned Power Outage in Pawnee County
NPPD: No Plans To Close Cooper Nuclear Station
NPPD Offers Energy Savings Tips
Pawnee City Electricity to be Shut Off Tuesday Night