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Borough utility asks assembly to authorize bond for $8M standby diesel project after cost increases
Summary
Utility staff reported the standby diesel generator project now has an ~$8 million construction estimate; the utility has $5.4M committed and will ask the assembly to hire a bond attorney and place a bond ordinance before voters this fall to finance the gap.
Agency official (utility) told the assembly the diesel standby generator project would add about 3.5 megawatts of diesel capacity to local generation and is intended to provide n-minus-1 contingency coverage if hydro or transmission is lost. The project was studied in 2021 with an original estimate of roughly $4.5M; current construction estimates are near $8M, creating a funding gap despite prior equipment purchases and a $5.4M funding pool.
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