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County approves declaration of intent for conduit financing for Basin Electric’s Bison Generation Station
Summary
Williams County commissioners approved a declaration of official intent to consider tax‑exempt conduit bonds for Basin Electric’s proposed 1,400‑megawatt Bison Generation Station near Epping, while county officials and Basin Electric clarified the county would not be liable for repayment.
Williams County commissioners voted to approve a declaration of official intent to consider tax‑exempt conduit bonds for Basin Electric Power Cooperative’s proposed Bison Generation Station, a natural‑gas combined‑cycle electric plant proposed near Epping. The declaration does not bind the county to issue bonds and Basin Electric would be the sole obligor on any conduit bonds.
The declaration was requested by Matthew Koehling of Basin Electric, who told the commission the project is planned as a roughly 1,400‑megawatt combined‑cycle natural‑gas plant with an estimated capital cost the company described as about $3.9 billion. Koehling said the facility is intended to serve local load growth and grid stability in northwest North Dakota and that construction contracts and many easements are in place.
"This is gonna be the future of our supply for us in Northwest North Dakota for the next 30 or 40 years," Koehling said. He added…
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