Laclede Electric COOP plans to take over electrical services in Lebanon

Laclede Electric could soon operate an electric service in the city of Lebanon.

Mayor Jared Carr said the discussions focused on whether or not customers would benefit from having their electrical service managed by Laclede Electric Cooperative, as opposed to the City.

Lebanon and Laclede Electric say there will be transparent studies that will assess the pros and cons of a possible change.

Carr said in a statement that all current city employees working in the city’s electrical department will be retained even if the change occurs.

It’s a developing story and we’ll keep you updated with the latest news here on KRMS.

***Press release***

The City of Lebanon and Laclede Electric Cooperative to discuss the city’s electricity system

The City of Lebanon and Laclede Electric Cooperative have announced that they have started discussions on the purchase or possible management of the electricity system of the City of Lebanon by the Cooperative. The talks come as the two organizations assess the uncertainty of rising electricity and labor distribution costs, as well as expected increases in wholesale electricity supply costs.

According to Mayor Jarred Carr, the focus of the conversation is to determine whether the electricity customers in the city of Lebanon could benefit from increased efficiency through increased economies of scale.

The two parties will carry out in-depth and transparent studies to assess the potential benefits for the electricity consumers of the City and Laclede Electric. These studies will focus on long-term financial performance, price stability, reliability and operations.

The mayor of the city of Lebanon, Jared Carr, and the CEO of Laclede Electric Cooperative, Marc Roecker, pledge that all existing employees, including employees of the city’s electrical department, will be retained if Laclede Electric Cooperative buys the city’s electrical system.

Officials expect these discussions to take several months before a recommendation can be made to either board.

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