Add LaHarpe to the growing list of communities that were socked by exorbitant electric costs following last month’s’ bitterly cold weather. City Council members have declared a state of financial emergency, necessary to apply for a low-interest loan made available by the state to pay the city’s $157,615.70 electric bill for February. The February bill was nearly 10 times the amount LaHarpe normally pays each month (a shade under $17,000 monthly.) The loan would be repaid by reinstating a portion of the fuel cost adjustment the city adds to the base electric rates LaHarpe customers pay each month.
Source: The Iola Register
