A COVID-19 Hit to Public Power? For Some, it’s Not All Bad
At a May meeting of the board of directors of the Brownsville, Texas, Board of Public Works, the utility’s director of finance Mike Perez made an announcement that was perhaps surprising in the middle of a pandemic.
“April was a good month,” Perez said. Revenue was up, in part due to customers staying home and using more electricity. Accounts receivable were “in line” with the same period a year ago, indicating that customers were mostly able to pay their bills. “We are not seeing anything alarming so far,” Perez said.
