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The Dalton City Council approved a resolution for Dalton Utilities (DU) to issue revenue bonds to finance a new 56.8 megawatt natural gas power plant. The city-owned utility plans to issue up to $130 million in debt, potentially allowing for $30 million to be prepaid if construction costs are lower than projected.

The bond issuance is expected to close in April or May, with the plant anticipated to save DU approximately $1.5 million annually over its first decade by reducing reliance on the wholesale power market. The CEO clarified that the plant is not primarily for data centers but will support residential, commercial, and industrial customers. The meeting also included board appointments and a closed session on personnel matters, with the next council meeting scheduled for February 2.