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6.1a ERMUSR 03-11-2025
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6.1a ERMUSR 03-11-2025
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3/14/2025 3:12:29 PM
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3/14/2025 3:12:29 PM
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City Government
type
ERMUSR
date
3/11/2025
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2024 Year in Review Summary <br /> Rates 8% Lower than Competitive Benchmark <br /> <br /> Generated Carbon Free Energy Equal to 48% of Energy Needs <br /> <br /> Began Development of Two Solar Projects <br /> <br /> Received $4.2 Million Direct Pay of Investment Tax Credit for Hometown <br />BioEnergy Renewable Natural Gas Project <br /> <br /> Net Income of $23 Million <br /> <br /> Unrestricted Cash Increased by $11 Million Because of Two Large Land Purchases <br />for Solar Projects <br /> <br /> 2025 Budget Average Rate to Members Equal to 2024 <br /> <br /> January and February 2025 Rates Equal than Budget <br />137 <br /> <br />
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