"MLGW and Birmingham Water Works Approve Double-Digit Rate Hikes for Customers"
TL;DR Summary
Memphis Light, Gas & Water's board has approved a 12% electricity rate increase for three years starting in 2024, aimed at funding infrastructure improvements to enhance the region's electrical system reliability and reduce power outages. The increase, which amounts to about $5 per month for an average 1,000-kilowatt-hour customer, will not be used to fund MLGW's move to a new headquarters in East Memphis. The board also approved the purchase of 65 acres in Cordova for $31.4 million to establish the new headquarters, replacing the current one on Main Street.
Topics:nation#business#electricity-rate-hike#infrastructure-improvement#mlgw#new-headquarters#power-outages
- MLGW board approves 12% electricity rate hike, new HQ purchase WREG NewsChannel 3
- MLGW approves 12% increase to customers' electricity bill | News | fox13memphis.com FOX13 Memphis
- Customers feel pockets drained as Birmingham Waters Works proposes second consecutive rate increase WVTM13 Birmingham
- Birmingham Water Works customers get details on planned rate hike for 2024 AL.com
- MLGW commissioners in favor of 12% hike for customers as proposal heads to City Council FOX13 Memphis
- View Full Coverage on Google News
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