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Turbine options group considers costs of shutting machines down
Town assessor and group member David Bailey said the town will need to raise $644,000 in funds if the turbines do not operate in Fiscal Year 2014. That number includes $524,000 to pay the debt on Wind 1 and ongoing turbine maintenance for one year, and $120,000 to pay for electricity at the wastewater treatment plant. That is just less than $54,000 every month that the turbines do not operate, he said.
June 15, 2012
by Brent Runyon
in The Enterprise
Falmouth Wind Turbine Options Analysis group began a discussion on Tuesday about the short-term and long-term financial implications of shutting down the town-owned wind turbines at the wastewater treatment plant on Blacksmith Shop Road.
Town assessor and group member David Bailey said the town will need to raise $644,000 in funds if the turbines do not operate in Fiscal Year 2014. That number includes $524,000 to pay the debt on Wind 1 and ongoing turbine maintenance for one year, and $120,000 to pay for electricity at the wastewater treatment plant. That is just less than $54,000 every month... [continue via Web link]
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