April 18, 2008

 

The Lincoln Electric System Administrative Board held its regular monthly meeting April 18 at the Lincoln Electric Building. Items from the meeting, as well as other pertinent information, include:

 

LES to Pay $9.7 Million to Local Governments

 

Lincoln Electric System (LES) will pay about $9.7 million to the Lincoln School District, City of Lincoln, Lancaster County and Waverly as an annual revenue tax payment.

 

The payment represents 5 percent of the retail electric revenue in 2007 from within incorporated areas. The Lincoln School District and local governments receive the revenue tax from LES based on their proportionate share of the local tax levy.

The revenue tax payment is higher than taxes paid by any other utility operating in the county.

 

LES has made the payment since its creation in 1966. During that time, recipients have received close to $169 million from LES.

The 2007 money to be paid local governments will be distributed as follows:
 

 

Over the last 42 years, the revenue tax paid to local governments totals:

 

Lincoln Public Schools	$110,906,239
City of Lincoln	$ 31,884,347
Lancaster County	$ 23,339,717
Waverly/Other	$ 2,827,646
Total	$168,957,949

 

Other Reports

 

The following statistics for March were presented to the Board:

March 2008	March 2007	Change
Number of Customers
127,272	125,534	+1,738 (+1.4%)
Retail Electricity Use (MWh)
246,495	234,358	+12,137 (+5.2%)
12-Month Average Outage Time/Customer (minutes)
32	28.8	+3.2

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