COVINGTON — No opposition or public comments were given when the City Council unanimously approved the increase in the city’s electric rates during Monday’s meeting.
Residents can expect to see a seasonal rate increase of $0.84 cents for the winter and $2.80 for the summer based on the average usage of 1131 kilowatts per month.
The months of November through April are considered winter and summer is considered as May through October.
“Due to government regulations we were forced to increase the rates,” Councilman Chris Smith said. “If the city purchases the same amount of power this year as we did last year, we will be paying over 2.5 million more dollars. We really had no other option.”
In December, Covington City Manager Leigh Anne Knight calculated the average increase a resident will see on the electric utility bill is $4.23 per month, totaling about $50.80 for a year.
The base rate for residents will increase from $8.45 to $10.
The electric rates, which will take affect in March, will also change for two classes of commercial customers based on customer demand and energy usage, as well as an increased fee for security lights.
For commercial non-demand customers the base rate will be $16 and commercial demand customers will receive a base rate of $25. Commercial demand customers are those using more than 3,000 kilowatts monthly.
In other action, the City Council approved the bid on the reconstruction of Wheat Street. They agreed the best option would be to move forward in making it a three-lane road.
City of Covington staff identified the need for the street reconstruction because of the deteriorated pavement on the road. The project could be completed by February, weather permitting.