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Thursday, October 15, 2009

Utility commission OKs financial plan for hydro project

From an article by Cassandra Colson in the Jackson County Chronicle-News:

The Black River Falls Utility Commission approved recommending its financial plan for the $8.7-million dam and hydroelectric project, sending it to the city council for final approval.

Sean Lentz of Ehlers and Associates, who has been consulting with the commission regarding the project’s financing, gave a presentation at the Sept. 29 commission meeting and made his recommendations for the project’s financing.

“The most important point, of course, was the USDA acceptance of the terms and conditions,” Lentz said. “That will make this electric revenue bond issue fit with the other financing that the utility and the city need to do for the combined dam and hydro project.”

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