All Entries Tagged With: "Syncora Guarantee"
Judge Denies Lamar’s Restraining Order Request Against ARPA & Syncora
The City of Lamar and Lamar Utilities Board were denied a request for a temporary restraining order against ARPA, Arkansas River Power Authority and bonding agent, Syncora Guarantee, during a hearing conducted this past Wednesday, October 22. A Senior Judge, Scott Epstein, ruled that the parties will have 90 days to come to some form […]
Lamar Utility Board Approves 2015 Budget
The 2015 Lamar Light Plant budget was passed by the Lamar Utility Board during their meeting, Tuesday, October 14. The budget, according to Light Plant Superintendent, Houssin Hourieh, is in two sections. One budget deals with the revenue requirements for Operations for the transmission and distribution of electricity. The second deals with the Lamar Repowering […]
Trinidad City Council Approves Settlement with ARPA
Trinidad City Council Approves Settlement By NEWS RELEASE on Thursday, July 31st, 2014 In a Special Meeting held on July 29, 2014 the City of Trinidad, Colorado approved the Settlement Agreement with the Arkansas River Power Authority (“ARPA”) and Syncora Guarantee Inc., which resolves the City of Trinidad, Colorado v. Arkansas River Power Authority, […]
City of Lamar Joins Citizen Lawsuit Against ARPA, Nieschburg Resigns from ARPA Board
The Lamar City Council last night, July 14, approved a resolution to join a citizens’ lawsuit regarding the electrical energy rates charged by the Lamar Electrical Department and Contractual Relationships between member cities and ARPA, Arkansas River Power Authority and the bond holders or insurers (Syncora Guarantee, Inc.) of the Lamar Repowering Project. The resolution […]