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Independence council rejects handing over power plant to settle lawsuit

A company fighting the city of Independence in court wanted the old Blue Valley power plant and a tax abatement in exchange for dropping its lawsuit. ....

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New IPL power generation

By Mike Genet [email protected]
Even if the city of Independence still had the Blue Valley Power Plant operating, and it ran at full capacity last week, Independence Power & Light wouldn’t have avoided the rolling blackouts that caused much consternation for two days.
The temporary blackouts, called for by the Southwest Power Pool to avoid grid failures that would cause much larger and longer blackouts, hit a little more than half of IPL’s customers for short periods of time, and any utility across the Central Plains with SPP had to issue them, IPL Director Jim Nail said. ....

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Independence Power & Light

By Mike Genet [email protected]
Independence Power & Light will use some of its surplus cash to pay off some bonds several years early, saving the city utility more than $4.5 million in interest payments.
The City Council unanimously approved a payment of $10.6 million last week, covering the outstanding balance on more than $33 million of bonds issued more than 10 years ago for a series of maintenance projects. City Manager Zach Walker said the transaction pays off the bonds 15 years ahead of schedule.
That decision was one of several the council made with long-term implications for IPL. The council also:
• Set a policy of using cash surpluses first for debt reduction and then ratepayer relief. ....

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