One step at a time for Utility District

Things are falling into place for the Block Island Municipal Utility District, which acquired the assets — and the name — of the Block Island Power Company in March.
The cost of the acquisition was $5.8 million, financed by a short-term loan from CFC Bank. Utilities entering into long-term debt must get approval from the Rhode Island Division of Public Utilities and Carriers and on July 11 BIPCo received that approval.
Earlier in July, BIPCo was accepted as a member of the National Rural Electric Cooperative Association. Although not technically a cooperative,

Read more on the Block Island Times website