PROJECTBUDGET PLANNING

Grid modernization bond financing plan

Cable Joint Powers
Detected
Oct 20, 2026
17 days ago
Sector
Utilities
Est. value
Free account
Detected 17 days agoOct 20

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From the meeting

On October 20, 2026, the Finance Committee recommended that City Council authorize up to $100 million in tax-exempt Electric Revenue Bonds for grid modernization. 0% true interest cost cap and a one-time 1% rate increase limit. Staff said the bonds were needed for aging infrastructure and rising electric demand, and expected Council action on December 7, 2026.

Motion passed 3-0.

Meeting date
October 20, 2026
Agency
Cable Joint Powers

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