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Dalton council approves $130 million utilities revenue bond to fund local power project
Summary
The Dalton City Council approved Ordinance 26‑05 authorizing a $130,000,000 combined utilities revenue bond to finance a power‑supply project Dalton Utilities says will reduce wholesale purchases; counsel noted two minor ordinance edits and the bond will be validated in Whitfield County Superior Court.
The Dalton City Council on March 30 approved Ordinance 26‑05, authorizing a combined utilities revenue bond in the principal amount of $130,000,000 to fund a local power‑supply project, the mayor said.
John, a representative of Dalton Utilities, told the council the project is needed “regardless of any data center activity in the community.” He said the utility expects about $1,000,000 in annual cash‑flow savings during the first 10 years of the bond and…
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