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City of Lincoln
City of Lincoln
Mayor's Office

2015 Media Releases


Date:
September 1, 2015
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 2015-16, which begins today. The dividend is a payment to the City for its ownership of LES, and it was established in 2011 by a City ordinance.

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 2014-15 Dividend 2015-16 Dividend
Residential $2.15 per bill $2.25 per bill
General Service $3.15 per bill, single phase
$9.60 per bill, three phase
$3.00 per bill, single phase
$9.45 per bill, three phase
Heating Service $5.25 per bill, single phase
$15.25 per bill, three phase
$55.00 per bill, large service
$5.55 per bill, single phase
$16.10 per bill, three phase
$59.00 per bill, large service
General Service Demand $0.00185 per kilowatt hour $0.00203 per kilowatt hour
Large Light and Power $0.00194 per kilowatt hour $0.00211 per kilowatt hour
Large Power Contract $0.00155 per kilowatt hour $0.00160 per kilowatt hour
Traffic Lighting $0.26 per bill $0.24 per bill
Street Lighting $1.00 per bill $1.00 per bill

The dividend supplements the in-lieu-of-tax payment LES pays to local governmental entities each year. The City received $6,788,424 from the dividend in 2013-14 and $7,029,648 in 2014-15. The dividend goes into the City's General Fund, which funds basic City government services.


Mayor's Office
Media Releases