Lower electric rates on the way for Logansport customers

LMU's power plant on Race Street in Logansport, Indiana. (WLFI File Photo)
LMU's power plant on Race Street in Logansport, Indiana. (WLFI File Photo)

LOGANSPORT, Ind. (WLFI) — Customers of Logansport Municipal Utilities will soon see lower electric rates.

Monday night, the Logansport Utility Service Board approved a five-year power agreement with Florida-based Next Era.

Right now, the city has an existing agreement with Duke Energy — which is set to end on Dec. 31, 2018. The new agreement with Next Era will start in 2019.

Logansport Mayor Dave Kitchell said he’s happy with the partnership, but he would like to see rates drop even sooner.

“What we’re trying to do though is to renegotiate the existing two years remaining on the Duke agreement to roll that into the new agreement,” he said.

Kitchell said he would personally like to see the rates lowered as early as the beginning of next year.