NAPOLEON BD OF PUBLIC AFFAIRS APPROVES SALE OF ELECTRIC SUBSTATIONS


The Napoleon Board of Public Affairs has approved the sale of more of Napoleon’s electric assets, in a move to save the city money in the long-run. The action took place at the Monday Napoleon BPA meeting. The agreement means Napoleon will sell the remainder of the northside electric substation, the 69,000 KV power transmission line, and the Industrial electric substation to American Municipal Power at a price tag of over 5.5 million dollars. Napoleon electric crews will still provide maintenance for these substations, and the city will get paid for that from AMP, at a cost estimated around $75,000 a year. Napoleon will also save money on paying for insurance for these electrical utility assets. This sale agreement must still be approved by the full Napoleon City Council before it becomes law.


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