Author: Joe Viechnicki, KFSK

Electric rate hikes could be larger if borough doesn’t maintain local hydro plant

Petersburg’s utility director Monday reported to the borough assembly about potential electrical rate hikes needed to repay a proposed 7.8 million dollar bond issue. That bond debt would pay for an overhaul of the borough’s hydroelectric plant and an additional diesel generator. Rates may have to go up even more if the borough decides to let its cheapest source of power break down.

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