About Electric Rates

As a locally owned and controlled public utility, our electric rates are based on the recovery of actual costs associated with providing utility services to our community.  We answer to an elected City Council and each one of our customers, not to investors or corporations seeking to make a profit. For over 90 years the City of Fountain has taken pride in extending the best electric service rates available on the market to our customers. 

Visit the Electric Rates page for information about current rates.

RATE STUDY


Electric Rate Study

In the electric utility industry, it is best-practice to review the cost of providing service at least every five years.  Fountain's last Cost of Service/Rate Study was conducted in 2013, when we reviewed the current and anticipated cost of providing service over the next five-year period.

Our electric rate structure is complex and includes ten different classifications of service ranging from residential to commercial, industrial and lighting. The Rate Study looks at these different classifications of service to ensure that each provides their share of revenue to support the associated costs with providing service. This is important to prevent one class of service from subsidizing other class(es) of service. 


FOUNTAIN'S POWER SUPPLY

We have been very successful keeping rates low through wholesale power supply contracts and through a highly-skilled, productive workforce of dedicated employees. Historically, the City received electricity from the Municipal Energy Agency of Nebraska (MEAN) through two, five-year contracts which ended in June 2015. In preparation, the City evaluated several wholesale power supplier proposals.  After a rigorous evaluation and negotiation process, the City obtained a longer term-of-service contract, lower wholesale power costs and long-term rate stability with Twin Eagle Resource Management. 

115 KV LineThe new wholesale power supply agreement entered into in 2015 resulted in a 12% reduction in electric bills for a typical residential customer.