KISSIMMEE, Fla., March 5, 2009 – The Kissimmee Utility Authority board of directors on Wednesday approved an amended budget for 2009 that reflects more than $4 million in cuts due to lower than expected electricity sales.
The savings were achieved through operational cuts as well as freezes on new hiring, employee travel and training, and capital projects, except those deemed operationally critical. The freezes were put into effect in November 2008 and will remain until at least Sept. 30, 2009.
KUA had forecasted a conservative 2.5 percent growth in electricity sales for 2009. Year to date sales, however, are currently eight percent under budget because of the current economic decline. The utility’s fiscal year runs from October through September.
The utility’s current forecast for 2010 shows a zero percent load growth, a first for the Authority since its creation in 1985.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 64,000 customers in Osceola County, Fla.
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Chris M. Gent