“Grand River Dam Authority Takes Steps on Generation Increase, Emission Curbs”

The state-owned electric utility took “tentative” steps toward a $380 million plan that includes a new natural gas power plant and upgrades to two coal-fired plants.


Wednesday’s proposal was in response to an array of challenges, including new environmental standards, aging coal-fired plants, the threat of a lawsuit by environmental interests and pressure from the state’s natural gas industry. Most if not all of the plan would have to be financed through a bond issue. The bonds would be backed by the assets of the GRDA, not the state of Oklahoma, but the state nevertheless would have an interest in seeing the debt repaid.

Read more at: www.tulsaworld.com


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