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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And the situation is, according to experts, more complicated than many have thought.
The costly 5G
5G technology can be 10 or more times faster than 4G and significantly more responsive to users' input, but the speed comes at a cost.
A 5G base station consumes "four times more electricity" than its 4G counterpart, said Ding Haiyu, head of wireless and terminals at the China Mobile Research Institute, during…