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The pros and cons for this type of project are as follows: <br /> <br /> PROS <br />1) Secure source of Power in case of system <br />failure <br />2) Opportunity for $250,000 ± annual margin <br /> <br />3) Opportunity to resolve AEC/UPA Power <br />Contract <br />4) Good cooperative effort between Coop <br />and Municipal <br />5) No added personnel required <br /> <br /> CONS <br />1) Large debt ($15,000,000 +) <br /> <br />2) ERMU responsible if UPA defaults <br />(minimal risk) <br />3) Long term Contract of 20 to 30 years. <br /> <br /> Bond market will ultimately dictate if this is <br />prudent. <br /> <br /> From staffs' perspective this appears to be a win-win situation for both ERMU and UPA <br />support continuing this project. <br /> <br /> <br />