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Utilities Commission briefs council on proposed $18–20M generation project backed by SIMPA contract
Summary
Utilities Commission presented a proposal to build an additional dispatchable generation facility under a 20‑year capacity contract with SIMPA; the project would likely be funded by a revenue bond with the contract payments covering debt service and could yield more than $1 million a year to the city, officials said.
A Utilities Commission representative updated the council on a multi‑year opportunity with SIMPA to secure a 20‑year capacity contract and expand New Prague’s dispatchable local generation capacity.
The commission described an estimated project cost in the neighborhood of $18–$20 million for a new facility sited near the city’s west substation. The commission said SIMPA would offer…
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