Updated 9/30/19

Pulaski Electric System  Chief Financial Officer explained key changes to the 2019-2020 budget during a recent meeting.

A major change in the broadband budget was the recent discovery that PES Energize had been overpaying for its video service programming due to incorrect customer counts.

PES will receive approximately $300,000 in refunds from Video providers which was the reason for the recent board decision not to implement a planned rate increase for Energize video customers.

A different rate increase for video customers is expected in January to offset anticipated increases in programming costs.

The board’s recent decision to enter into a 20-year contract with TVA  comes with an annual credit of $730,000-$750,000 that is now included in the amended budget.

Cost estimates for PES’s part of the North First Street sidewalk project have been placed in the new budget, and the Audio Visual system in the PES Boardroom was also included.

The loss of Edelmann plant in Pulaski and Pro-Mark factory in Elkton reduced the projected revenue for 2019-20, which is now reflected in the new budget.