Current | LES Customer Newsletter Current - October 2017

Current 1040 O Street, P.O. Box 80869 Lincoln, NE 68501-0869 8 a.m.-5 p.m., Monday-Friday Lincoln Electric System X67071 LES’ CUSTOMER NEWSLETTER OCTOBER 2017 Customer Service: 402.475.4211 Power Outage: 888.365.2412 - Toll Free Nebraska811 (call before you dig): 811 - Toll Free Nationally low rates staying in Lincoln LES proposing no rate increase for 2018 budget. Lincoln Electric System staff and its board’s Budget & Rates Committee recommended no increase to retail electric rates except for Street & Highway Lighting customers in its 2018 budget and rates proposal during the September LES Administrative Board meeting. LES’ proposed 2018 budget totals $363.9 million, allotting $273.4 million for operating costs and the remaining $90.5 million for capital projects. This is only $2.1 million more in capital projects and $17.5 million less in operating costs than 2017. With no system-wide average rate adjustment, the only changes Residential and Heating Service customers will notice on their monthly bills will come in the form of ongoing work to restructure rates. In 2018, customers will again see a decrease in energy rates (identified as the Energy Charge on account statements) offset by an increase in the Facilities Charge. The Facilities Charge will collect fixed costs for LES to maintain and deliver energy to our customers. Most customers will notice little to no change to their bill. “We are happy to let our customers know that they will not see an increase in electric rates this year,” said Vice President and CFO Laura Kapustka. “In addition, the ongoing efforts to restructure our rates will allow us to more efficiently account for the fixed costs in delivering power to our customers and keep LES as one of the nation’s leaders in maintaining reliable, public power service.” The changes to the 2018 Facilities Charge are a continuation of LES’ rate restructuring in recent years. Like many other utilities, LES is transitioning from collecting dollars for fixed cost items through the variable charge for customers’ energy consumption to recovering those fixed cost items through fixed charges like the Customer and Facilities Charges. The Board will take action on the 2018 budget and rates at its Oct. 20 meeting, but LES invites customers to learn more at the Oct. 5 public meeting. OCT 1-7 2017 Public Power Week LES is celebrating Public Power Week with more than 2,000 other community-owned, not-for-profit electric utilities that collectively bring electricity to 49 million Americans across 49 states and five territories. Join us in acknowledging our shared history of affordable electricity, reliable power and local people serving local people on social media with the hashtag #PublicPowerWeek! OCT 5 2018 Budget & Rates Public Meeting 6-7 P.M. • THURSDAY, OCT. 5 WALTER A. CANNEY SERVICE CENTER (2620 FAIRFIELD ST.)