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MLGW seeks 2015 water rate hike to offset loss of Cargill

2014-10-10 04:17:29| Food - Topix.net

Memphis Light, Gas and Water will this November ask the City Council to raise water rates 2.3 percent beginning Jan. 1 to offset the loss of its largest customer. MLGW President and CEO Jerry Collins told me the municipal utility will lose $2.2 million in annual revenue when Cargill Inc. closes its corn mill later this year on Presidents Island, laying off 440 employees.

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