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PUC proposal to use $6.325 million in CREBs for solar projects advanced by committee
Budget and Finance Committee · September 24, 2008
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Summary
The committee advanced a PUC request for permission to issue up to $6.325 million in clean renewable energy bonds (CREBs) to finance solar installations on city properties, with estimated annual debt service of $420,000–$450,000 and a 15-year lease-purchase financing structure.
Todd Reistrom, assistant general manager and CFO of the Public Utilities Commission, presented a request for permission to issue up to $6,325,000 in clean renewable energy bonds (CREBs) under the Energy Tax Incentive Act of 2005 to finance solar equipment at multiple city-owned…
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