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City Utilities electric, natural gas customers will see lower costs over next 6 months

September 29, 2011|edited news release from City Utilities of Springfield

SPRINGIELD, Mo. -- Here's a summary of the meeting on Thursday of the Springfield Board of Public Utilities, which oversees City Utilities of Springfield.

Ridership numbers for CU Transit continue to show growth.  During August, 138,978 rides were counted.  When compared to the same period last year, this is an increase of 15,680 riders or 13-percent growth.  Line 12, which serves Battlefield Mall, Medical Mile, and MSU experienced the highest ridership.

The electric fuel adjustment aligns electric rates to reflect the actual cost of fuels.  For the next six months, October through March, residential electric customers will pay 17 cents less per each 1,000 kWh (kilowatt hour) than during the previous six months.  During the same time period, natural gas customers using 96 therms will pay 31 cents less per month than projected gas cost.

The adjustments are made every six months to true-up the actual cost of fuels compared to the estimated cost for that period.

The Board of Public Utilities voted to allow CU to use eminent domain, if necessary, to obtain utility
easements at four locations under railroad tracks owned by BNSF.  The vote was seven in favor and one abstention.

The Board of Public Utilities will take additional time to study options on a new bus transit station and the site for a new water tower on the southeast side of the city.

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