Utility committee hears presentation on bond-backed long-term gas purchase program; vote possible next month
Presenters told the utility committee about a proposed bond-backed long-term gas purchase program that would start Aug. 1 if approved; officials described target discounts (mid-30¢ range), mechanics (monthly rebate plus annual true-up), legal safeguards and a tentative schedule for a March resolution and April funding.
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Ron Reagan, the presenter for a proposed long-term gas purchase program, told the utility committee that the program would offer participating municipal utilities a bond-funded discount on natural gas purchases if the city opts in.
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