Lower Electric Bills for Ruston Likely

Lower electric bills for Ruston utility customers are likely on the way because of a significantly cheaper rate from the power company that supplies wholesale electricity to the city.

Constellation Energy’s bid for a seven-year contract to supply power at a rate of $29.14 per megawatthour (Mwh) is considerably cheaper than the $40 per Mwh of the expiring five-year contract.

The Ruston City Council unanimously approved the new contract at last night’s meeting.

Said Public Works Director Darrell Caraway, “There will be some significant savings for our customers.”

Caraway added that the city has used Constellation as a supplier for over 20 years. The new contract takes effect June 1.

According to the FY 2020 budget adopted last fall, the city had estimated approximately $15 million in costs for power. That cost is marked up before it is resold to the city’s customers.

How much savings the customer actually sees will depend upon how much of the savings is passed along.

In other business, the council approved the acquisition of property to allow South Monroe Street improvements.

Also, approval was granted for engineering to begin on a project that will construct sidewalks along East Mississippi Avenue.

5 Responses to “Lower Electric Bills for Ruston Likely”

  1. Red-E-Kilowatt Says:

    Of course, the City could just keep the same rate and reap the windfall for the general fund… just sayin’…

  2. Anonymous Says:

    Expect that to happen with this administration…it’s all about the money.

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