The PUC will be on hand at Monday’s (May 11th) City Council meeting to deliver its Annual Shareholder Report, and to discuss funding for infrastructure investments with Council.
At the meeting, PUC will present their 2014 Shareholder Report and provide updates on PUC’s ongoing infrastructure renewal projects and Stage 1 of the Water Quality Improvement Project, as well as its outlook for 2015.
PUC will also seek approval from Council in order to borrow money from commercial lenders to pay for its capital works programs. Borrowing has been done in the past to cover significant infrastructure projects.
Additionally, PUC and Council plan to discuss the proposed LED Streetlight Conversion Project which will involve the replacement of the city’s approximately 9,000 aging streetlights with more economical, energy efficient LED lights.