Shaker Heights Latest
FirstEnergy Prepares for Winter Storm
Dateline: March 13, 2017 - FirstEnergy issued a press release regarding their preparation to respond to heavy snow and potentially high winds associated with a large winter storm forecast for the area beginning today (Monday evening) through late Wednesday.
Power Outages Update
Dateline: March 10, 2017 - The City received this update from First Energy this afternoon. They report that restoration efforts are ongoing. They have just over 6,000 customers out of power, down from 85,000, and are making steady progress. New outages continue to trickle in.
First Energy is using both CEI and mutual assitance crews. Over the past 24 hours they have restored all critical customers: schools, fire stations, healthcare facilities, etc. They are still targeting restoration for 11 pm this evening.
Fitch Ratings Affirms City's "AAA" Bond Rating
Shaker achieves highest rating, denoting eceptional creditworthiness
Dateline: March 1, 2017 — Fitch Ratings, a credit rating and research agency, affirmed the City’s “AAA” bond rating as part of its ongoing surveillance of the City’s financial condition. The AAA rating is the highest attainable rating, indicating Shaker maintains an exceptional degree of creditworthiness and easily meets its financial commitments. Shaker is among a small group of local cities carrying an AAA rating from one of three major rating agencies. Fitch Ratings also affirmed the City’s AAA rating in its four previous reports, issued in 2011, 2012, 2014 and 2016.Read more...
State of the City Address
Dateline: February 28, 2017 — Mayor Earl M. Leiken delivered his State of the City address on Thursday, February 23 to an audience at the Stephanie Tubbs Jones Community Building.Read more...
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