Must Reads Mayor Sam Adams proposes energy plant
| Mayor Sam Adams proposes energy plant | | Print | |
| Must Reads |
| Friday, March 02, 2012 |
|
Portland Mayor Sam Adams is proposing using money from sewer and garbage to pay for a $55 million plant to turn food waste into electricity.
The plan, taking shape behind closed doors but outlined in a memo obtained by The Oregonian, calls for Columbia Biogas, a private company, to build the plant in Northeast Portland's Cully neighborhood. Under one version of the plan, the city would backstop a private loan to the company, offering what's called credit enhancement that could require the city to kick in as much as $900,000 a year for up to 20 years. Read more at OregonLive.com. |
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