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Commission hears update on potential loan to electric utility; no draws made yet
5818192 · September 12, 2025
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Summary
The commission was told a previously authorized loan to the local electric utility has not been drawn; staff said draws will occur only if operating balances turn negative amid monthly purchase-power bills and pending FEMA reimbursements.
Commissioners received an update on a previously authorized loan to the local electric utility and approved routine financials and invoices.
Staff reported that the city has not yet drawn any of the loan funds the commission had…
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