Loup Power District recently delivered lease payments totaling more than $1.3 million to area communities. Each of these communities owns their electric distribution systems. These payments compensate them for the use of those systems for the second quarter of 2024. Communities use the funds for a variety of public projects.
Public power utilities provide a direct benefit to their communities in the form of payments and contributions to local and state governments. Loup Power District gives 9 percent of its annual revenues back to state and local governments throughout the year.
The payments were:
Columbus — $1,008,569.82
Platte Center — $8,723.30
Monroe — $9,547.55
Tarnov — $1,343.60
Creston — $5,075.24
Humphrey — $24,187.81
Lindsay — $46,093.40
Cornlea — $1,604.43
Newman Grove — $14,848.65
Duncan — $13,861.61
Fullerton — $26,819.53
Genoa — $19,732.04
Belgrade — $2,690.90
Richland — $2,502.20
Howells — $16,017.10
Leigh — $14,042.63
Clarkson — $15,789.88
Albion — $42,371.28
Cedar Rapids — $12,032.19
Primrose — $1,179.52
Petersburg — $8,619.80
St. Edward — $15,218.14
Total — $1,310,870.62