Leesburg Electric Advisory Board Meeting LIVE Nov 2, 2026

The Leesburg Electric Advisory Board meeting on November 2, 2026, reviewed fiscal year 2026 results and fiscal year 2027 projections. Staff reported that the bulk power cost adjustment rose during FY26 from 2.25 cents to 3 cents per kilowatt-hour and ended the year at 3 cents; the plan is to keep it at that level in FY27 if financial conditions allow. The electric fund ended FY26 with about $2.786 million in the reserve account, below the $3.078 million target, and cash on hand was approximately $12 million. Staff discussed rates, sales, reserves, customer growth, and the utility’s competitiveness, as well as the electric fund’s contribution to the city’s general fund. Electrical improvements were noted as included in the budget, but no specific projects, contract awards, vendors, or purchasing decisions were presented.

The board unanimously approved the prior meeting minutes and later voted to adjourn. Members also discussed neighborhood outage-information signs with QR codes and the mass meter exchange program. No procurement activity or spending-related action was identified in the meeting.