Residents wary of proposed hike in power rates
Mishawaka residents could see a spike in their electricity rates if the city council approves the first rate adjustment in 20 years.
WSBT-TV reports Mishawaka Utilities is seeking a 14 percent rate increase. Utility officials say the rate hike would generate more than $6 million a year that's needed to pay for rising power costs, equipment repairs, operating costs and capital expenses.
The average customer's bill would jump about $9 a month.
Many residents told council members this week that money is tight and that the extra money each month would crimp their budgets.
Utility officials say the new rates would still be lower than the state average.
The council will take up the request again on Monday.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)