Published: August 23, 2019

IN ITS REGULAR MEETING ON THURSDAY, THE LAWRENCEBURG UTILITY SYSTEM BOARD APPROVED A TWENTY YEAR AGREEMENT TO PURCHASE POWER FROM TVA.  THE AGREEMENT ESTABLISHES A FIXED BASE POWER RATE FOR TEN YEARS AND PROVIDES FOR REBATES TO LUS THAT WILL BE APPLIED TO LONG TERM CAPITAL IMPROVEMENTS.  IN OTHER BUSINESS, SYSTEM MANAGER VIC PUSSER ANNOUNCED THAT A REDUCTION IN THE TVA FUEL ADJUSTMENT CHARGE WILL LOWER RESIDENTIAL POWER BILLS BY AN AVERAGE OF TWO TO SEVEN DOLLARS PER MONTH.  HE UPDATED THE BOARD ON PROGRESS OF VARIOUS CONSTRUCTION PROJECTS INCLUDING THE NEW COLLEGE AND SEVERAL WATER AND SEWER LINE EXTENSIONS.   PUSSER REPORTED THAT APPROXIMATELY FOUR THOUSAND CUSTOMERS LOST POWER DURING A STORM EARLIER THIS MONTH -- AND THAT CREWS WORKED OVERNIGHT TO RESTORE SERVICE. A REPORT ON ROUTINE FINANCIAL ITEMS INCLUDING STATUS OF A SIX MILLION DOLLAR BOND ISSUE TO FUND THE SYSTEM’S UPCOMING INSTALLATION OF AMI SMART GRID EQUIPMENT WAS PRESENTED.  THE NEXT LUS BOARD MEETING WILL BE HELD ON THURSDAY, SEPTEMBER 26TH AT 5:00 PM IN THE LUS AUDITORIUM.