Winfield city commissioners have agreed to sell a 65-percent interest in the city’s electric transmission facilities to GridLiance High Plains, LLC, as part of a partnership that would lead to increased revenue for the city and assistance with electric transmission projects.
The decision was approved in a 3-0 vote at Tuesday’s commission meeting.
The city will receive $1.1 million for the sale, according to Winfield utilities director Gus Collins. The city will also receive regular community contribution payments and the ability to participate in future transmission projects. The city will continue to be responsible for operations and maintenance of the transmission system.
Collins said the transition will be seamless, and Winfield electric customers will not notice any difference in service or rates.
“We think this will be a great opportunity for the community for the next 20 years,” Collins said.
GridLiance and the City of Winfield are planning to release more details on the sale in the near future, Collins said.
(Read more: The Arkansas City Traveler)