Electric rate increases and generation
City of WayneNebraska- Detected
- Jul 20, 2026
- 108 days ago
- Sector
- Utilities
- Est. value
- Free account
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THE 30-SECOND BRIEF
Wayne approved Resolution 2026-48 to raise electric rates by 6.5% per year for two years starting with bills issued October 1, 2026, following a JEO rate study that recommended 11%. Staff highlighted the need to preserve electric fund reserves to help bond a future generation project and because Tenaska savings are not yet documented for bond markets. This indicates upcoming capital investment in generation, so utility planners, project developers, and financial advisors can engage on generation options, funding, and community communication.
Electric Fund currently has about $9.1M; bond counsel suggests bonding out $9M for substation, then revisiting generation bonding when Tenaska savings are known.
From the meeting
- Meeting date
- July 20, 2026
- Agency
- City of Wayne
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