COLUMBUS – Over $1 million has been given back to five area communities by Loup Power District, say officials.
LPPD say in a press release that District officials recently present quarterly lease payments to area communities, that totaled over $1 million dollars.
“The payments represent 10 percent of the retail revenue generated by the sale of electric power in the communities for the first quarter of 2017,” says LPPD in a press release.
The payments were: Columbus — $969,752.83; Genoa — $25,208.85; Creston — $7,910.05; Lindsay — $46,589.19; and Newman Grove — $20, 173.30.
Loup says each of these communities owns there electric distribution systems, and says these payments are to compensate the use of those systems. The funds will go to a variety of public projects, says Loup.