The deal is also to provide the stock exchange with $160 million in tax breaks and low-cost electricity.
The Power Authority's mission is to provide low-cost electricity to homes and businesses around the state.
A less known but equally sought-after benefit is a mix of programs that provide low-cost electricity.
The city is willing to offer financial incentives, to clear a fast path through red tape and to help win low-cost electricity from the state.
By the early 1950's, the public agency was generating and delivering low-cost electricity across the state.
We would all like to have low-cost electricity that is completely safe, does not pollute, and comes from somewhere else.
But generating or buying-in low-cost electricity and heat is pointless if the hotel wastes it.
The officials would also provide the exchange with up to $160 million in tax breaks and low-cost electricity.
This providing Anaconda with low-cost electricity for its mines and smelters.
In return, the city receives low-cost electricity and $3.2 million to share each year with its schools.