Borough seeks bond issuance counsel
Bond likely to raise PMP&L rates
July 1, 2021
The Borough Assembly agreed to engage with Stradling, Yocca, Carlson and Rauth (Stradling) for counsel services regarding a possible bond issuance that would fund upgrades to the Blind Slough Hydroelectric project and purchase additional standby diesel generators at their meeting on June 21.
According to Utility Director Karl Hagerman, the cost of Stradling's services are unknown, but he estimates the total cost to be about $25,000. The borough will not be billed for Stradling's services until the potential bonds are sold, and if no bond sale occurs, the borough will not have to pay Stradli...