KETR Local
9:54 am
Tue September 1, 2009

GEUS may need $30 million more for new plant


Greenville – Greenville Electric utility officials may need up to $30 million more for a new power plant.

The board voted in August, 2008 to sell $16.6 million in bonds toward the project. Thursday the board intends to pass a resolution declaring the utilities expectation to reimburse a maximum of $30 million in debt expenditures, with the proceeds of future debt.

Ground was broken last month on the future 25 megawatts plant, which is being built adjacent to the current steam plant. When complete in late 2010, the facility would primarily be used to provide electricity during times of peak local demand.