Roseville Electric officials announced plans that it will need to consider all options to bridge a forecasted revenue shortfall of $90 million over the next 5 years.
In a report to the City Council, Roseville Electric Director Tom Habashi said many electric utilities across the state are facing similar challenges.
‘The energy markets and the economy are causing us quite a bit of havoc,’ Habashi said. ‘The choices will be tough; but are necessary to maintain the utility’s fiscal integrity and system reliability.’
Officials anticipate having more information on the options in June.
The same presentation will be made to Roseville’s Public Utilities Commission on Tuesday, May 26. That meeting is open to the public and will be at 7 p.m. at the Corporation Yard, 2005 Hilltop Circle