Archive for OPALCO News: Submarine Cable Replacement

OPALCO Board Approves 2016 Budget and Rates

Monday, November 30th, 2015

OPALCO’s Board of Directors has approved the 2016 budget with measures in place to keep our Co-op financially healthy, following two years of declining energy sales. Members’ bills will go up by an average of 5% beginning in January and a new Energy Assistance Program will provide a monthly discount to qualified households. The full… READ MORE »

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OPALCO APPROVED FOR INFRASTRUCTURE PROJECT LOAN FROM USDA

Monday, October 26th, 2015

OPALCO is among the 77 electric utilities recently approved for USDA Rural Utility Services (RUS) loans. OPALCO is approved for a loan of $17.1M to move forward with the submarine cable replacement for the Lopez to San Juan link, as forecast in our long-range and construction work plans. The loan amount also includes other transmission… READ MORE »

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