City Says Bond Has Long-Term Benefits

1 decade 1 year 6 months ago Wednesday, March 28 2007 Mar 28, 2007 Wednesday, March 28, 2007 4:09:55 PM CDT March 28, 2007 in News

Jeremiah Stode is a new business owner in Columbia who realizes what electricity costs.

"Well, this month, it's running around $800 or so," he said.

Stode is keeping an eye on a proposed bond issue that would raise electric rates in the city.

"You know, our bill is probably going to, depending upon the size of the increase, you know, it could be substantially bigger."

Dan Dasho of the city's Water and Light Department said, "This is probably the largest bond issue that we've done for electric up until this point in time."

The bond issue is not about power generation; it's about how the city delivers power to its customers. One part of the bond issue deals with transmission lines that send massive amounts of electricity to substations that collect the current and send it to homes or businesses.

The city would use a 2% rate hike in the next three years to repay the bond.

That would cost the average user a little more than a dollar a month, or slightly more than $46 over three years.

Without the bond, Dasho said the city would raise rates 15% in one year, meaning a price hike of almost $10 a month or $117 for the year.

"I think you could ease into it a little bit better than a 15% spike, that would really hurt, you know, on the time," he said. "Especially this time of year when we're getting a lot more business, beds are running all the time, 15% could make a huge difference in our bill."

More News

Grid
List
JEFFERSON CITY - John Kalina, 63, was a First Student bus driver whose absence has made a whole community come... More >>
1 hour ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 6:19:00 PM CDT October 23, 2018 in News
MOBERLY - City council and community members met with research firm Destination Services Monday to survey residents on what it... More >>
3 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 3:58:00 PM CDT October 23, 2018 in News
FULTON – A Southern Boone High School assistant football coach has turned himself in for enticement of a minor, according... More >>
3 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 3:55:00 PM CDT October 23, 2018 in News
FULTON - The nurse hired to look after Carl DeBrodie, a disabled man who was found encased in concrete... More >>
5 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 2:41:00 PM CDT October 23, 2018 in Continuous News
WASHINGTON, D.C. - A complaint filed Tuesday with the Federal Election Commission accused Josh Hawley's Senate campaign and the National... More >>
5 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 2:27:00 PM CDT October 23, 2018 in News
JEFFERSON CITY - Environmental activist groups Sierra Club and Earth Justice are in court this week saying electric utility Ameren... More >>
5 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 2:21:00 PM CDT October 23, 2018 in News
COLE COUNTY - A Cole County couple faces felony child abuse and endangering the welfare of a child charges Tuesday... More >>
6 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 1:44:00 PM CDT October 23, 2018 in News
COLUMBIA - A Cole County circuit judge ruled Tuesday the state's Voter ID law applies to both state and county... More >>
6 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 1:24:00 PM CDT October 23, 2018 in News
MACON - A Macon Police Officer was knocked unconscious while approaching a suspect Monday night. According to a news... More >>
6 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 1:03:00 PM CDT October 23, 2018 in News
FULTON - The Fulton Police Department WAS actively trying to identify a suspect Tuesday who used counterfeit $100 bills at... More >>
7 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 12:46:00 PM CDT October 23, 2018 in News
COLUMBIA - The man who killed a teacher after crashing into a Harrisburg school bus is appealing his 22 year... More >>
7 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 12:19:00 PM CDT October 23, 2018 in News
(CNN) -- One company is doubling the shelf-life of avocados, citrus and other produce by taking a chemical-free cue from... More >>
8 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 11:39:46 AM CDT October 23, 2018 in News
COLORADO SPRINGS, Colo. (AP) — The Air Force says a Missouri-based B2 stealth bomber landed in Colorado Springs after an... More >>
9 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 10:34:00 AM CDT October 23, 2018 in News
COLUMBIA - Mediacom Communications confirmed to KOMU 8 there are outages affecting all services across Columbia. A Mediacom operator... More >>
9 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 10:02:00 AM CDT October 23, 2018 in News
(CNN) -- A new startup called Tap has a bold ambition: convince people to stop buying plastic bottles of water.... More >>
9 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 9:51:12 AM CDT October 23, 2018 in News
INDEPENDENCE (AP) — The mother of an Independence man who was fatally shot by police last year is suing the... More >>
11 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 8:13:59 AM CDT October 23, 2018 in News
JEFFERSON CITY - The FBI recently released violent crime statistics for Jefferson City. Some of the notable Jefferson City... More >>
12 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 7:33:00 AM CDT October 23, 2018 in Top Stories
KANSAS CITY (AP) — An 18-year-old Kansas City man has been found guilty of fatally shooting a man who he... More >>
12 hours ago Tuesday, October 23 2018 Oct 23, 2018 Tuesday, October 23, 2018 6:53:30 AM CDT October 23, 2018 in News
Columbia, MO
Broken Clouds 53°
8pm 50°
9pm 48°
10pm 46°
11pm 44°