(KMOV) -- The city of Kirkwood is the only city to have its own electric company in St. Louis County.
It has been a huge success - but this year it brought challenges.
Cold weather brought along with it higher natural gas prices. Natural gas helps to create electric.
“We buy power from both a coal power plant in southern Illinois which the price on that is fixed but portions of the power is bought on the open market.” said Michael Brown the Chief Administrative Officer for Kirkwood.
The natural gas prices have skyrocketed. Last year Kirkwood paid $2.80 per thousand cubic foot. This year they have to pay $4.65.
The $215,000 set aside to cover the cost this fiscal year is no longer enough. Now the electric department is asking the city for $615,000.
The city said this will not reflect on local bills, because they built a reserve, which is now about 17 million dollars.
Officials also said it has been years since they increased electric prices and they do not have any projected any time soon.