Five companies showed up at the May 27th pre-bid meeting, but only one bid for $71,192 was received from Rountree Construction for the Commercial Driveway for Raceway on James Road, said County Engineer Mike Fletcher at the 22 June 2015 Lowndes County Work Session. The Commission at their 23 June 2015 Regular Session approved that yet another fix-up payment caused by the county’s 2009 widening of James Road “from a two-lane local road with ditches to a five-lane road with curb and gutter” for the never-happened Market Street mall and subdivision project. And local elected officials say bus systems need subsidies? Every road and bridge is a subsidy for private developers. And James Road is a subsidy we just keep on paying year after year.
This interesting survey by Wisconsin, courtesy of National Association of Regulatory Utility Commissioners (NARUC), says Illinois, Montana, New Hampshire, Ohio, and Oregon ban CWIP (except in certain cases for some of those states) and North Carolina and Washington in practice do not use it.
Appended below is the first question from the survey and the answers. The entire survey is on the LAKE website.
The Wisconsin Commission is relooking at its current practice for allowing a current return on construction work in progress (CWIP). We would appreciate it if you or someone else from your agency could respond to the following questions.
CURRENT RETURN ON CWIP
VERSUS AFUDC [Allowance for Funds Used During Construction]
REGULATORY SURVEY RESULTS