Valley News -

By Will Fritz
Intern 

Lake Elsinore approves loan to purchase street lights from Southern California Edison

 

Last updated 8/2/2018 at 12:55pm



Lake Elsinore is finalizing a plan to purchase most of the city’s street lights from Southern California Edison and retrofit them with LEDs, which is expected to save the city millions of dollars over the long run.

The city council approved a $3.5 million financing plan, July 24, with Banc of America Leasing and Capital to pay for purchasing and retrofitting about 3,000 street lights under a local government buyback program enacted by SCE in 2013.

The utilities company canceled the program back in 2015, but grandfathered in cities that requested a purchase price for their street lights be...



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