During the April 27, 2026 strategic retreat, Augusta staff outlined a financing and implementation plan for two major electric utility projects: a low-voltage grid replacement and an upgrade of controls for the M‑4 generation engine. The grid project will require purchase of standard electric utility hardware such as poles, transformers, conductors, and significant contracted work for installation and tree removal, while the M‑4 controls work is planned as a sole‑source engagement with Peaker Services. Staff proposes to finance roughly 8 million in improvements through a combination of cash and 2026 debt issuance, using temporary notes followed by long‑term general obligation bonds once project costs are finalized in 12–18 months.This indicates the utility is moving from concept into execution and will need contractors and suppliers for materials, construction, vegetation management, testing, and ongoing support. Vendors in electric construction, linework, and grid equipment can position themselves for bid lists, subcontracting, and future change orders while details of scopes and schedules are being finalized.

The M‑4 engine controls upgrade is designated as a sole‑source to Peaker Services; grid installation and tree removal will be contracted out competitively.