Lincoln Electric System proposes $713.7 million budget, recommends 3% rate increase; council defers vote LES proposed a $713.7 million budget for 2026 and a 3% overall rate increase to cover higher net power and transmission costs and major capital investments; the Lincoln City Council deferred votes on the LES budget and rate schedules to Nov. 17, 2025.

Lincoln Electric System has proposed a staggering $713.7 million budget for 2026, including a controversial 3% rate increase to manage rising power costs—what does it mean for you?

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