InterLinc Home Page
lincoln.ne.gov
City of Lincoln
City of Lincoln
Mayor's Office

2014 Media Releases


Date:
September 29, 2014
For More Information Contact:
Diane Gonzolas, Citizen Information Center, 402-441-7831

City Dividend for Utility Ownership Changes

The City dividend collected by the Lincoln Electric System (LES) has changed for fiscal year 2014-15, which began September 1. The dividend is a payment to the City for its ownership of LES, and it was established in 2011 by a City ordinance. The current dividend payment is equivalent to a 2.4 percent of total net assets.

The City dividend is identified separately on LES bills. Customers in each rate class pay a comparable City dividend relative to their use of the LES system. The following table shows the rates.

Rate Class 2013-14 Rate 2014-15 Rate
Residential $2.15 per bill $2.15 per bill
General Service $3.50 per bill, single phase
$10.60 per bill, three phase
$3.15 per bill, single phase
$9.60 per bill, three phase
Heating Service $5.25 per bill, single phase
$15.25 per bill, three phase
$55.00 per bill, large service
$5.25 per bill, single phase
$15.25 per bill, three phase
$55.00 per bill, large service
General Service Demand $0.00205 per kilowatt hour $0.00185 per kilowatt hour
Large Light and Power $0.00177 per kilowatt hour $0.00194 per kilowatt hour
Large Power Contract $0.00165 per kilowatt hour $0.00155 per kilowatt hour
Traffic Lighting $0.28 per bill $0.26 per bill
Street Lighting $1.08 per bill $1.00 per bill

The dividend supplements the in-lieu-of-tax payment LES pays to local governmental entities each year. In the last fiscal year, the City received $6.8 million from the dividend. The dividend goes into the City's General Fund, which funds basic City government services.


Mayor's Office
Media Releases