The Herald Banner, Greenville, TX

Local News

September 23, 2013

GEUS board expected to approve budget

GREENVILLE — The GEUS board intends Thursday to approve the local electric utility system’s upcoming budget, which includes significant increases in both expenses and revenue.

The GEUS board of trustees also plans to again choose Hunt County Shared Ministries (FISH) to distribute funding to local residents needing assistance with paying their electric bills.

The board is scheduled to take action on both items during the regular session agenda, starting at  6 p.m. Thursday in the board room of the GEUS Operations Center, 6000 Joe Ramsey Boulevard.

The utility is planning on providing more power to more customers in the coming year, and is also anticipating having to pay for more for some of the power it buys. The utility’s total operating revenues are expected to increase by $8.7 million in the coming fiscal year. GEUS’ revenues would include $1.8 million in increases in sales due to load growth, and $2.6 million more from in off-system sales, should it be a typical Texas summer in 2014.

GEUS also is expected to take in $3.6 million more in the coming year, due to higher natural gas and purchased power costs.

But the utility also expects to see an increase of $7.2 million in its operating expenses in the next fiscal year, with $6.6 million of that coming from the rising costs of fuel and purchased power.

The GEUS board is also set to designate FISH as the utility’s low income fund distributor.

GEUS started the fund in the 2008 fiscal year to assist Greenville residents at or near the poverty level in purchasing electricity and has chosen FISH as the distributor for the funds each year.

For the 2013-2014 fiscal year, GEUS has budgeted $15,000 for the account and it is expected all of the funds will be dispersed.

1
Text Only
Local News
Featured Ads
Photos


See more photos and purchase prints here.

Poll

Does Dallas head coach Jason Garrett need for the Cowboys to make the playoffs during the 2014 football season to keep his job?

Yes
No
Who knows with Jerry Jones as owner?
     View Results
Facebook
AP Video
Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train Crayola Announces Family Attraction in Orlando
Must Read
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Reader's Choice