Lansing looks to issue bonds for new plant

subscribe

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

brain scan

Zapping elderly brains with electricity improves short-term memory — for almost an hour

LONDON - To read this sentence, you hold the words in your mind for a few seconds until you reach the period. As you do, neurons in your brain fire in coordinated bursts, generating electrical waves that let you hold information for as long as it is needed. But as we age, these brain waves start to get out of sync, causing short-term memory to falter. A new study finds that jolting specific brain areas with a periodic burst of electricity might reverse the deficit—temporarily, at least.

The work makes “a strong case” for the idea that out-of-sync brain waves in…

READ MORE
indian electricity

OPINION Rewiring Indian electricity

READ MORE

Yet another Irish electricity provider is increasing its prices

READ MORE

Coal, Business Interests Support EPA in Legal Challenge to Affordable Clean Energy Rule

READ MORE

solar-storage-cheaper-than-conventional-power

Solar Plus Battery Storage Cheaper Than Conventional Power in Germany

READ MORE