Citing startling new study, Alliance for Affordable Energy urges Bond Commission to postpone vote on export financing proposal
A new Institute for Energy Economics and Financial Analysis’ (IEEFA) report, prepared for the Alliance for Affordable Energy, concludes that Louisiana residents risk higher electricity prices and state agencies risk higher borrowing costs if the bond for the Burnside Terminal expansion is approved. The study found excessive risks for the public, the state, and for the terminal. The report strongly recommends against issuing bonds to pay for the proposal until further economic impacts are studied. The report will be presented to the Commission at the meeting on November 15, before the Commission votes on the proposal.
The Alliance for Affordable Energy is a Louisiana-based non-profit, public interest organization that advocates for fair, affordable, environmentally responsible, community-based energy. Founded in 1985, today the Alliance serves Louisiana’s 1.8 million electric and gas rate payers by promoting citizen participation in the decision-making process, conducting community education campaigns on energy issues, helping citizens and businesses become more energy efficient, and working together for lower energy bills.
