LES proposes no rate increase in upcoming budget - Lincoln Journal Star
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Lincoln Electric System proposes no overall increase to power rates for its customers in the upcoming year, according to a news release.
LES officials have proposed a $311.8 million budget, about $36 million less than the budget it adopted last year, the release said.
Bond refinancing in early September saved LES the equivalent of $16.4 million, enough to eliminate a potential rate increase, LES said.
"Maintaining low, stable rates for our customers remains a core value of public power," Laura Kapustka, LES chief financial officer, said in the release.
Some larger electricity users that are charged demand rates will see changes to their bills, LES said.
A virtual public meeting about the budget will be held Sept. 30, and the LES Administrative Board will vote on the budget Oct. 16 before it goes to the Lincoln City Council later in the fall.
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Memorial Stadium's north stadium video board projects the news of the return of Big Ten football in October on Wednesday.
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A Coors Light delivery truck crashed into the front of the Taco Inn at 48th Street and Lowell Avenue on Wednesday.
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Anne Sorensen walks her dog Red in Wilderness Park on Thursday, Sept. 3, 2020. GWYNETH ROBERTS, Journal Star
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University of Nebraska-Lincoln freshmen Abbie Wolfe (left) and Abbie Lee walk in the rain outside Don Love Memorial Library, Tuesday, Sept. 1, 2020. JUSTIN WAN, Journal Star
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Workers dig into the ground near Saltillo Road and South 96th Street to make way for the future Lincoln South Beltway to pass under the local traffic, Wednesday, Sept. 2, 2020. JUSTIN WAN, Journal Star
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Construction of the Lincoln South Beltway is seen from US Highway 77 Homestead Expressway just south of Saltillo Road looking east, Wednesday, Sept. 2, 2020. JUSTIN WAN, Journal Star
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Lincoln North Star's Erik Polishchuk (54) and Ashton Fleming (41) celebrate after the Gators recovered a fumble by Lincoln Northeast in the first quarter on Friday, Sept. 4, 2020, at Seacrest Field. FRANCIS GARDLER, Journal Star
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From left, Democratic Senate nominee Chris Janicek, debate moderator Dennis Kellogg, and Republican Sen. Ben Sasse, R-Neb. participate in a televised debate at NET, Friday, Sept. 4, 2020. JUSTIN WAN, Journal Star
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Crete Carrier has purchased the site of Don and Randy Shoemaker's Truck Station and the Cobbler Inn, closed since 2019, on the northwest corner of Northwest 48th and O Streets. GWYNETH ROBERTS, Journal Star
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Fire fighters ventilate the roof to allow smoke and other gasses to escape as they responded to a confirmed structure fire on North 10th street on Thursday, Sept. 3, 2020, in Lincoln, NE.
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On a typical home football opener, the street in front of Memorial Stadium would be filled with Nebraska fans milling around with hopes of a winning season ahead and food vendors selling their wares, but on Saturday, Sept. 5, 2020, it sits quiet, the victim of COVID-19. FRANCIS GARDLER, Journal Star
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Lincoln Southwest's Jack Baptista (80) returns the opening kickoff to the Lincoln Southeast 14-yard line on Friday, Sept. 4, 2020, at Seacrest Field. FRANCIS GARDLER, Journal Star
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Seward center fielder Jordyn Collins catches a pop fly in the second inning during their match against Norris at Plum Creek Park on Thursday, Sept. 3, 2020, in Seward, NE.
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Natalie Axt is sprayed down with water to keep her cool before running in the Charlie Thorell XC meet hosted at Concordia University on Thursday, Sept. 3, 2020, in Seward, NE.
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Seward outfielders mingle during a timeout during their match against Seward at Plum Creek Park on Thursday, Sept. 3, 2020, in Seward, NE.
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Doane's Jamie Renshaw (left)celebrates a kill by teammate Genna Ryan-Piasecki (right) against MidAmerica Nazarene at Doane's Haddix Center on Saturday, Sept. 5, 2020, in Crete, NE.
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Mourners are reflected on a pulpit as they light candles during a candlelight vigil held for Investigator Mario Herrera at St Teresa's Catholic Church on Monday, Sept. 7, 2020, in Lincoln, NE.
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Officers stand at attention and salute as the procession for Investigator Mario Herrera passes by them on Monday, Sept. 7, 2020, in Lincoln, NE. Herrera passed away in the early hours of Sept. 7, 2020 in Omaha. A procession of officers traveled down I-80 to bring the investigator home to Lincoln. People lined the over passes and sidewalks in support.
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Lincoln Pius X's Kylen Sealock passes the ball against Papillion-La Vista South as teammate Miriam Miller looks on during a high school volleyball game, Tuesday, Sept. 8, 2020. JUSTIN WAN, Journal Star
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Lincoln Pius X's Alexis Markowski (right) hits the ball as Papillion-La Vista South's Aliah Clarke makes a block during a high school volleyball game, Tuesday, Sept. 8, 2020. JUSTIN WAN, Journal Star
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Lillie Schroeder, 12, and her parents Farrell Mueller and Russell Mueller place flowers on the memorial of Lincoln Police investigator Mario Herrera, Wednesday, Sept. 9, 2020, at Lancaster County Hall of Justice. JUSTIN WAN, Journal Star
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Lincoln Southeast's Nigel Bridger (1) gets taken down by Grand Island's Kytan Fyfe (15) in the second quarter on Thursday, Sept. 10, 2020, at Seacrest Field. FRANCIS GARDLER, Journal Star
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Reverend Thomas Dummermuth started a project in quarantine to put together a hand written bible where people around Nebraska would write chapters of the bible by hand. Originally, he was inspired by a church in his home county of Switzerland who originally had this idea. After asking the church for permission, he decided to start his own project in Lincoln. Since then, the world has went through unprecedented change and work on the bible is still being completed. "It is beautiful work that people send in, some of it is just amazing," Thomas said. He set a new deadline for Nov. 1, 2020 and has high hopes to complete the bible soon. At Eastridge Presbyterian Church on Thursday, Sept. 10, 2020, in Lincoln, NE.
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A man places his hand on the LPD cruiser honoring Lincoln Police Investigator Mario Herrera and takes a moment before entering Pinnacle Bank Arena for the funeral ceremony for Investigator Herrera on Saturday, Sept. 12, 2020, in Lincoln, NE.
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The Hearse carrying the body of Mario Herrera arrives at Calvary Cemetery for the funeral of fallen Lincoln Police Investigator Mario Herrera on Saturday, Sept. 12, 2020, in Lincoln, NE. KENNETH FERRIERA, Journal Star
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2020-09-18 21:28:31Z
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