COT Electric Rates Trending Downward

A Tallahassee Reports comparison of electric rates over the last three years shows COT electric rates have decreased more than any other of the seven utilities included in the comparison group. Using data from the Florida Municipal Electric Association for December, 2008, December 2009, and December 2010, Tallahassee Reports compared monthly residential rates for 1000 […]

City Utility Committee Will Report To City Manager

After a year without bylaws, The City of Tallahassee Citizen Advisory Committee for Utilities codified their mission and elected a Chairman and a Vice-Chairman. The final result is that all 15 members will be appointed by the City Manager, Anita Favors-Thompson, and the committee will “act as an advisory board to the City Manager.” The head of […]

Commissioner Gillum’s “Tit for Tat” Rationale Overlooks Millions In Electric Rate Increases

The discussion over the $8 million electric utility surplus over the last few months has seen city commissioners and staff defending the need to deposit the “found” money in the electric reserve which already had approximately $95 million. Rationale for keeping the money has ranged from “its policy” to “its only $34 per residential customer”. […]

COT Consultant Supports 2010 Reserve Level, Questions Are Raised About $54 Million!

The debate about the COT electric utilities reserves is beginning to provide answers, though questions remain. Last Wednesday the COT brought in consultants to provide more information about the appropriate level of the electric reserve. City staff is seeking a reserve level between $119 million and $185 million. The reserve is currently at $105 million. […]