KUB scales back power rate increase
In February, Knoxville Utilities Board officials told KUB commissioners that an electric rate hike that had been deferred for four years was now necessary in order to keep up with basic operations and maintenance of the electric system.
A $3 per month increase was proposed at that time, but when the KUB board met, Vice President of Finance Mark Walker said that through further costsaving measures, the increase could be reduced to $1.91 per month. The proposed increase will have to be voted on by KUB commissioners at the May and June meetings and if approved, would take effect in July.
In other action, the KUB board approved $14.8 million in appropriations for its electric and water divisions to meet anticipated needs beyond the fiscal year and approved the refunding of $22.2 million in outstanding gas, water and wastewater division bonds to achieve a projected savings of $1.6 million.
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Latvia eyes electricity from Belarus nuclear plant
RIGA - Latvia’s electricity transmission system operator, AST, is looking at the possibility of purchasing electricity from the soon-to-be completed Belarusian nuclear power plant in Astravets, long criticised by the Lithuanian government, Belsat TV has reported.
According to the Latvian media, the Latvian government is seeking to mitigate the risk of a possible drop in electricity supplies given that energy trading between the Baltic states and third parties is currently carried out only through the Belarusian-Lithuanian border, including Latvian imports from Lithuania.
If AST starts importing electricity from the Belarusian plant to Latvia, the energy is expected to enter the Lithuanian market…
