BrightRidge announces rate increase

BrightRidge announced on Tuesday that its board of directors has approved a 2.5% electric rate increase beginning in October. BrightRidge noted that this is the second local rate increase in the past eight years. The company said that this will offset revenue losses due to closing industries while maintaining ongoing improvements to the BrightRidge electric grid. The increase will add about $4.40 a month for a typical customer.