The Lafayette City-Parish Council will introduce an ordinance tonight that could possibly put money back in the pockets of LUS customers.
LUS rates went up earlier this year when the council expected a need for more funds to pay off bonds they planned to issue for upgrades to the system.
However, in May, LUS postponed the $70 million bond issue that the council had approved. The bonds were supposed to pay for capital improvement projects to LUS’ sewer and electric systems.
Since the bond was never issued, Councilman Kenneth Boudreaux put an ordinance on the agenda to refund customers the extra money they paid, and also cut customers’ bills starting in January 2019.
You can read the full resolution here.
It is uncertain if rates for all utilities (electric, water and sewage) will be reduced or just electricity.
Since the ordinance is only up for introduction today, the council will discuss and vote on the item at their next council meeting.
During the meeting tonight, the Lafayette City Council approved the resolution that opposes any sale, lease or third party management of LUS.