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Augusta council authorizes financing path for $7M in electric system upgrades
Summary
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.
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.
City staff described the projects as (1) a control‑system upgrade at the city’s most efficient generating engine to reduce recurring outages, and (2) a low‑voltage grid standardization and replacement that staff said serves roughly 700 properties and would mitigate a large portion of neighborhood outages caused by obsolete equipment and vegetation. "This is us doing that," the city manager said, summarizing the projects as a direct response to sustained public feedback about reliability.
Bond counsel Kevin Cowan told the council the governing body could pursue a narrow charter…
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