Lansing looks to issue bonds for new 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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Energy minister unveils Ontario's plan to address growing energy needs
TORONTO - Energy Minister Todd Smith has announced a new plan that outlines the actions the government is taking to address the province's growing demand for electricity.
The government is investing over a billion dollars in "energy-efficiency programs" through 2030 and beyond, Smith said in Windsor.
Experts at Ontario's Independent Electricity System recommended the planning start early to meet demand they predict will require the province to be able to generate 88,000 megawatts (MW) in 20 years.
"That means all of our current supply ... would need to double to meet the anticipated demand by 2050," he said during the announcement.
"While we may…