Select Board authorizes $200,000 stabilization fund transfer
Electric Light Department won unanimous authorization to draw $200,000 from reserves. The Select Board and ELD Commissioners voted to allow the transfer from the Rate Stabilization Fund through March 31, 2026, after ELD Manager Dylan Lewellyn discussed near-term power costs and upcoming bills.
Select Board (Formerly Board of Selectmen) · Meeting of March 9, 2026
IPSWICH — Electric Light Department won unanimous authorization to draw $200,000 from reserves. The Select Board and ELD Commissioners voted to allow the transfer from the Rate Stabilization Fund through March 31, 2026, after ELD Manager Dylan Lewellyn discussed near-term power costs and upcoming bills. The department had initially sought up to $1 million but narrowed the request after board discussion of alternative funding approaches.
The board also unanimously recommended the FY27 Budget Draft, which included a $44,000 reduction in the health insurance estimate and an 8.8 percent increase.
In the full story:
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Source: the Select Board (Formerly Board of Selectmen) meeting of March 9, 2026, compiled from the official minutes.
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