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More Richmond gas investments will require taxpayer bailout

By: - August 3, 2022

By Kevin Cianfarini and Erik Shilts Over the next five years, Richmond Gas Works intends to heavily invest in obsolete infrastructure beneath the city’s surface. Richmond’s most recent Capital Improvement Plan allocates $100 million in new funding, sourced substantially from revenue bonds, to replace an aging methane distribution network.  Since the utility and its debt […]