Full speed ahead
At the first annual meeting of the Block Island Utility Board of Commissioners on Saturday, Aug. 24, enough ratepayers — who own the utility — showed up at Town Hall to create an overflow crowd.
What they heard was exceedingly good news.
Interest rates on loans are not normally the most thrilling news, but the announcement that the utility district had locked in a 30-year rate of 3.66 percent on $5.8 million debt was, in its own way, exciting, and is demonstrative of how well things are going. Company President Jeffery Wright admitted to early-stage “anxiety” among staffers when the company was newly formed, but those jitters have passed. The distribution system is being upgraded. Outage alerts are attended to rapidly. We’ve had a busy summer with no unexpected or prolonged blackouts.
Block Island has its own Wind Farm.
It has its own town-owned hi-speed internet system, which at some point will be island-wide.
Block Island has its own Utility District, up and running, and healthy.
Block Island is not standing still. It’s moving forward, with confidence, diligence, and speed.