At Lincoln Electric System, we understand the impact an energy company has on its surrounding communities.
LES staff works each day to make thoughtful decisions that benefit our community. In 2021, dedicated employees continued striving to safely and reliably deliver clean, affordable energy to customer-owners with exceptional customer service. Along with our industry-leading reliability, focus on affordable rates, continuing emphasis on safety, and wealth of local energy experts, the utility found new ways to bring value to the community.
LES continued our commitments to safety, system demand reduction through offerings such as Peak Rewards and the Sustainable Energy Program, and effective use of generation resources through innovation and industry collaboration. We engaged our community with STEM and safety education, hybrid meetings and events, charitable giving and volunteerism. And, we maintained our status as a high-value asset to the community.
For the first time in over 50 years, the LES Administrative Board was able to approve a systemwide rate decrease for customers. The 1% decrease was accompanied by a reduced 2022 budget proposal compared to 2021. This exciting budget and rates proposal was made possible by LES’ continued realignment of energy and facilities charges and a combination of depreciation and lower-than-expected fuel costs. Though most average customers will see little change to their bills overall, the decision to have a decrease serves as an example of the public power value LES brings to the Lincoln area.
LES’ 2021 Annual Report is a synopsis of the utility’s efforts and achievements. We did a lot. Continue scrolling to learn about public power’s positive impacts on our customers, community and industry over the last year.