County locks in electrical rate through 2013; could save $47,000
June 21, 2010 at 1:21 a.m.
Updated June 22, 2010 at 1:22 a.m.
Taxpayers in Victoria County could save an estimated $47,000 as a result of action taken Monday by county officials.
The commissioners court voted to extend by one year the contract it has with Iowa-based MidAmerican Energy, which provides the county's power.
That extension is for 2013 and locks in the county's power rates at 6.21 cents per kilowatt hour. The estimated savings is based on the average amount of power used by the county and assumes prices won't be lower in 2013.
That savings could be higher or lower, depending on how much electricity the county actually uses and what the rates are at that time.
"That number is always moving," County Commissioner Kevin Janak said. "But these are extremely low prices per kilowatt hour."
County Judge Don Pozzi praised Janak for helping get the price of electricity down.
"From the county's perspective, over the last two years or so, you, with the help of others have been able to negotiate excellent rates," he said.
MidAmerican has a contract to provide the county's power from 2010 through 2013, with rates locked in for each year. Janak estimated taxpayers will save about $100,000 over that period.
"We're trying to predict the future here four years out," he said. "We feel locking in at this price, it's not going to get any lower."