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CDFA Energy & Water Finance Update - January 16, 2018

CDFA Energy and Water Finance Newsletter
January 16, 2018
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Energy & Water Finance Update


US Tax Changes Mean Good and Bad News for the Energy Efficiency Sector
Lowell Ungar, a senior policy advisor with the ACEEE, said this week in an article for independent forum The Energy Collective that the most significant impacts are likely to arise as state and local governments, companies and individuals find they have either more or less money to spend on energy efficiency upgrades and programmes.

City of Sheridan, WY, Seeking $2.5M Loan from SRF to Address Landslides
The City of Sheridan, Wyoming, is looking at receiving funding from the State Clean Water Revolving Fund to help address four hill slides in the City. The expected cost for the Emergency Hill Slides Stabilization Project is $2.5 million.

Eldorado, TX, Awarded $1.2M Loan from SRF
The Texas Water Development Board (TWDB) in Austin approved financial assistance of $1.2 million to the city. The funds are part of the state's loan program, Drinking Water State Revolving Fund.

Randall, MN Awarded $1.38M Funding Package by PFA
The city of Randall was approved for a funding package of nearly $1.38 million from the Minnesota Public Facilities Authority (PFA) for a new drinking water treatment plant. Randall, a city of about 650 people in Morrison County, will use the funding to build a plant designed to remove nitrate, arsenic, iron and manganese from the community's water supply.

Governor McAuliffe Announces 900 Jobs Created Towards Clean Energy
VirginiaSAVES (Sustainable and Verifiable Energy Savings) is administered by Clean Source Capital and Abundant Power Group. The program began in 2015 with $66.3 million of Virginia's remaining allocation of Qualified Energy Conservation Bonds (QECBs).

High-Tech Waste-to-Energy Facility Set to Open in May
Craig Stuart-Paul, CEO of Maryland-based Fiberight LLC, announced this week that his company has secured $70 million for a municipal solid waste center off Coldbrook Road — $45 million through a tax-exempt bond with the Finance Authority of Maine and the remainder in private equity funds.

Lincoln County, NM Considers IRBs for Wind Projects
Lincoln County, NM commissioners are considering issuing industrial revenue bonds for one or more of the companies pursuing development of wind farms in northern areas of the county.

Commissioners Consider Industrial Revenue Bonds for Wind Projects
But before they act, commissioners told a consultant last week they want to see an analysis of different formulas to determine the value of the alternate power sources, delineation of the methods of repayment and comparisons with other locales in New Mexico that have approved industrial bonds.

Madison County, GA, IDA to Seek $4.5M for Water to Power Plant
Madison County, Georgia, has vowed to provide water to a planned power plant and now, leaders must look for a way to secure funding for an estimated $4.5 million water line project, which will bring water from Elberton. 

Osawatomie, KS, Using Revenue Bonds to Update City Electricity Infrastructure
Changes are coming to Osawatomie, Kansas, after a recent decision made by the Osawatomie City Council that will allow the city to construct a new building for the Electric Distribution Division. As part of the plan, electric revenue bonds were issued in late 2015 for upgrades to the city's electric generation capability. Those bonds included $450,000 for the new building.

Proposed TIF to Improve Infrastructure to Allow Economic Development in Huntsville, AL
A proposal discussed Thursday by the Huntsville City Council could result in an industrial boom in Huntsville-annexed Limestone County. In essence, TIF 7 will enable Huntsville to issue bonds to fund a number of infrastructure improvements. Those bonds are repaid through property tax revenue collected off increased property values.

Sapulpa, OK, Receives $1.5M for Water Infrastructure
The city of Sapulpa, Oklahoma, has been awarded a $1.5 million federal grant to make water infrastructure improvements to support business development and expansion that includes a campus for a California cosmetics company.

Ephrata, WA, Expecting $3.2M Loan from SRF for Waterline Project
Washington Governor Jay Inslee is highlighting the need for replacing Ephrata's waterline. The $3.2 million waterline project would be 100 percent funded by state capital funds and funding would come from the state's drinking water revolving fund.

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