Study Shows Potential Savings from Public Tx Financing in New England

Public financing mechanisms to support transmission buildout and asset condition projects could save New England power customers billions of dollars over the coming decades, according to a recent report by the Clean Air Task Force and the Acadia Center.

“Transmission today is financed with a mix of private equity and debt, which is both overweighted toward utility shareholder profit and comparatively much more expensive … than public options,” they wrote. “A range of public financing options backed by project revenue bonds can replace more expensive sources of private capital with lower-cost, tax-exempt public debt and equity.”

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