Columbia city council will hear a proposal for new electric lines

2 years 11 months 1 week ago Monday, January 05 2015 Jan 5, 2015 Monday, January 05, 2015 6:30:00 AM CST January 05, 2015 in News
By: Jasmine Dell, KOMU 8 Reporter

COLUMBIA - City council will hear for the first time Monday how it will fund replacing electric lines across the city.

Columbia and the surrounding areas could see a power outage if the city does not update it's electric lines. Currently, Columbia's electric lines are not matching up to federal standards.

The project costs $36.1 million to update the electric lines.

If the city and voters approve the budget plan to get a revenue bond, the city will take out a $63 million bond. Rates would increase 6 percent over the next 5 years.

Electric rates will immediately rise 20 to 25 percent if the council or voters deny the proposal.

The new electric lines would go through one of Columbia's largest growing areas in south and southwest parts of town.

City council will vote for the proposal to be on the ballot on January 20. Columbia residents will then vote for the proposal on the April ballot.

 

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