Oxford Utility rate hike approved

Oxford Utility rate hike approved

The Oxford Board of Aldermen on Tuesday approved a 4% electric rate increase for Oxford Utilities customers, marking the utility’s first net-positive retail rate adjustment in 17 years. Oxford Utilities General Manager Rob Neely presented the request during the board meeting, citing rising material costs, depleted reserves and the need for future infrastructure improvements as reasons behind the increase, which will take effect July 1. “Oxford U…