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Memphis City Council Approves MLGW 2016 Budget
December 2, 2015

Budget includes full implementation of smart meters and electric rate decrease

The Memphis City Council approved the 2016 Budget for Memphis Light, Gas and Water Division Tuesday night. The $1.9 billion budget will become final with the approval of the Council minutes on Dec. 15.

The Council approved a $240 million contract to Elster Solutions, LLC, which allows for full smart meter implementation. MLGW plans to begin installing 200,000 smart meters annually starting in 2016.

A 22 percent water rate increase was approved along with an offsetting 2.9 percent decrease for electric rates for residential and small commercial customers. On average, residential customers will see a decrease of 14 cents on their monthly bills.