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.

Related News

caracas blackout

Venezuela: Electricity Recovery Continues as US Withdraws Diplomatic Staff

CARACAS - Venezuelan authorities continue working to bring back online the electric grid following a massive outage that started on Thursday, March 7.

According to on-the-ground testimonies and official sources, power finally began to reach Venezuela’s western states, including Merida and Zulia, on Monday night, around 96 hours after the blackout started. Electricity has now been restored at least in some areas of every state, with authorities urging citizens to avoid using heavy usage devices while efforts to restore the whole grid continue.

President Nicolas Maduro gave a televised address on Tuesday evening, offering more details about the alleged attack against the…

READ MORE
georgia power

Georgia Power customers to see $21 reduction on June bills

READ MORE

substation attack

Neo-Nazi, woman accused of plotting 'hate-fueled attacks' on power stations, federal complaint says

READ MORE

3-ply non medical masks

3-layer non-medical masks now recommended by Canada's top public health doctor

READ MORE

biomass generator

New energy projects seek to lower electricity costs in Southeast Alaska

READ MORE