Lansing looks to issue bonds for new plant
LANSING, MICHIGAN - The Lansing Board of Water and Light, which provides electric service to 97,000 customers in Lansing, Lansing Township, and Delta Township, plans to issue about $250 million of tax-exempt bonds to finance construction of a new $182 million electric and steam-generating plant.
The board will vote this month on the first in a series of rate increases that will be used in part to pay off the bonds associated with the new gas-fired facility, according to a report in the Lansing State Journal.
The board plans to hold a public hearing on the new plant and the rate increases, with a vote scheduled for the last week in January.
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Biggest offshore windfarm to start UK supply this week
LONDON - An offshore windfarm on the Yorkshire coast that will dwarf the world’s largest when completed is to supply its first power to the UK electricity grid this week.
The Danish developer Ørsted, which has installed the first of 174 turbines at Hornsea One, said it was ready to step up its plans and fill the gap left by failed nuclear power schemes.
The size of the project takes the burgeoning offshore wind power sector to a new scale, on a par with conventional fossil fuel-fired power stations.
Hornsea One will cover 407 square kilometres, five times the size of the nearby…
