Augusta council authorizes financing path for $7M in electric system upgrades
The Augusta City Council approved a charter ordinance pathway and a resolution authorizing electric‑utility revenue bonds to fund two projects — a generating‑plant control upgrade and a low‑voltage grid overhaul serving about 700 properties — enabling concurrent financing options to speed construction without increasing current rates.
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The Augusta City Council on Monday approved measures to create a financing pathway for two electric‑utility improvement projects aimed at reducing frequent outages and improving grid resiliency.
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