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Article: Tampa Bay Water Back to Market for Desalination Plant.
- Article from:
- The Bond Buyer
- Article date:
- October 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Although Tampa Bay Water just went to the bond market last week, the utility plans to tap investors again next month for permanent financing to build the country's largest desalination plant, now that a Florida judge has cleared the way for the issuance of an environmental permit.
Administrative law Judge Lawrence Johnston on Wednesday rejected arguments by an organization of residents, Save Our Bays and Canals, that challenged issuance of the permit by the state Department of Environmental Protection. The group claimed that concentrated salt extracted by the plant to produce drinking water would harm aquatic life when returned to the bay.
The judge ...