Published: December 28, 2018

THE LAWRENCEBURG UTILITY SYSTEM BOARD OF DIRECTORS HELD ITS REGULAR MONTHLY MEETING ON THURSDAY EVENING (12/27/2018).  BOARD MEMBERS HEARD A PRESENTATION ON THE RESULTS OF THEIR MOST RECENT FINANCIAL AUDIT.  THE AUDITORS STATED THAT THE SYSTEM IS FINANCIALLY SOUND WITH REVENUES COVERING EXPENSES AND OTHER ITEMS NEEDING TO BE COVERED. IN OTHER BUSINESS, THE BOARD RECEIVED REPORTS ON REVENUE AND USAGE IN EACH DEPARTMENT, AN UPDATE ON CONTRACT NEGOTIATIONS FOR SALE OF PROPERY ON THE NORTH SIDE OF THE LUS BUILDING, AND A REPORT FROM SYSTEM MANAGER VIC PUSSER.   PUSSER ANNOUNCED THAT AN ELECTRICAL RATE INCREASE WILL TAKE EFFECT IN JANUARY TO OFFSET A RATE INCREASE IMPLEMENTED BY TVA IN OCTOBER.  AVERAGE LUS CUSTOMERS WILL SEE A ONE TO FOUR DOLLAR INCRASE IN THEIR MONTHLY ELECTRIC BILL.  HE ALSO DESCRIBED ON GOING WORK IN SUPPORT OF THE NEW COLLEGE AND THE CRAIG INDUSTRIES PLANT THAT IS MOVING INTO THE TEAM LAWRENCE SPEC. BUILDING LATER THIS SPRING. THE NEXT MEETING HAS BEEN SCHEDULED FOR THURSDAY, JANUARY 24, 2019.