Descripción

The City of Chicago offered financial incentives to Spire Corporation to locate a photovoltaic manufacturing plant in the City. The City committed to purchase and install at government facilities at least 250 kW of equipment from Spire at a cost of about $2 million. The equipment will be installed initially at schools, City colleges, and large fleet facilities. The City also settled litigation with its resident utility, Commonwealth Edison. As part of the settlement, ComEd has agreed to purchase and install within the City at least $12 million worth of solar photovoltaic equipment. The City worked out arrangements with ComEd so that at least $6 million of that commitment will be purchased from the Spire plant.