Generator project GO bond issuance
Town of SterlingKansas- Detected
- Jul 20, 2026
- 105 days ago
- Sector
- Utilities
- Est. value
- Free account
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THE 30-SECOND BRIEF
The Commission approved an ordinance authorizing the electric Generator Project and a Series 2026 GO bond issuance up to $3,000,000 to finance a new 3 MW Caterpillar generator from Foley Power Solutions and its installation. The City already has a Generation Recovery Rider on electric bills to cover 15-year debt service, with the bond sale scheduled for October 5, 2026 and closing October 29, ahead of expected generator delivery in early 2027. With major equipment selected, the remaining work includes installation, protection, relays, and integration at the power plant, along with long-term maintenance and support.
Project cost is estimated at $2.85M ($2.5M generator plus $350k installation/contingency), but bond authority is up to $3M; GRR electric surcharge funds debt service. Future needs include SEL relays at the Power Plant and increased property insurance for generators.
From the meeting
- Meeting date
- July 20, 2026
- Agency
- Town of Sterling
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