KETR Local
10:42 am
Fri August 29, 2008

Bonds sold to go toward GEUS Power Plant

Greenville – Bonds have been sold to pay for a new Greenville Power Plant. The GEUS board of trustees Thursday approved the sale of at least about half of the bonds needed to pay for a new power plant inside the city limits. A second bond issue is possible either later this year or early next year. The board members present did vote unanimously to sell $16.6 million in bonds toward the estimated $35 million project. GEUS officials earlier this month announced plans to build the 25 megawatts (MW) plant adjacent to the current Steam Plant in north Greenville.

Click the MP3 icon to listen as KETR's Greenville Correspondent Brad Kellar reports.