Page 103 - Town of Bedford FY 2018-2019 Budget.pdf

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FINANCIAL SUMMARY

FY 15/16 FY 16/17 FY 17/18 FY 18/19
FUNCTIONAL AREA
ACTUALS ACTUALS BUDGET ADOPTED
Electric-Other Expenses 908,798 904,964 1,200 1,200
Supervision & Engineering 1,620,999 1,602,976 1,658,967 1,623,839
Power Generation 195,552 294,386 324,068 253,236
Purchased Power 15,694,473 16,676,093 16,314,143 16,499,878
Transmission-Substations 38,926 17,694 75,000 65,000
Trans & Distribution Lines 989,416 1,151,039 1,147,379 1,162,382
Maintenance-Street Lights 19,008 10,680 20,000 22,000

Maintenance-Meters 8,395 9,042 15,000 15,000
Distribution Transformers 29,172 36,673 35,500 40,500
Meter Reading 49,253 61,531 55,043 55,578
Right of Way Crew 193,104 178,644 260,398 262,444
Debt Service 619,367 321,942 1,434,188 1,454,427
Transfers 0 0 2,579,500 2,543,000
TOTAL ELECTRIC FUND 20,366,463 21,265,665 23,920,386 23,998,484

SERVICES

The Electric Department operates and maintains 11 substations, diesel generating facilities and a hydro
plant. In order to provide reliability to its customers, the Electric Department has 2 interconnection
points with AEP, Mosely Substation and Centerville Substation. Bedford currently purchases wholesale
power from AMP-Ohio to meet its winter peak demand of 55 MW and summer peak demand of 35 MW.
The town also generates a portion of its electrical needs at its 5 megawatt hydro facility on the James
River. The Department currently has 20 highly skilled professionals to operate, maintain and plan for the
future of its electrical system. A state of the art 3 MW solar generating plant will come on line in
January, 2018.

In conjunction with the electric service system, the City provides street lighting to various parts of
Bedford. The current policy is to provide lights on every other utility pole, and to provide new lights as
requested. As part of the Downtown revitalization effort, decorative lighting has been installed. The
placing of utilities underground has also been supported as part of revitalization efforts.

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