Wyoming Energy Authority has the ability to issue up to $3 billion in industrial revenue bonds for energy facilities and related supporting infrastructure that may include all facilities, structures and properties incidental and necessary or useful in the production or transmission of energy. This may include transmission lines, pipelines and export facilities. Wyoming Energy Authority does not currently have the authority to issue a bond on generation projects.
When Wyoming Energy Authority’s bonding authority is used, there is no cost and no risk to the state of Wyoming. Our bonds are sold on the private market to investors and any proceeds are used to finance projects.
The State Energy Program uses federal grants to offer a range of programs to help reduce energy consumption in Wyoming. In 2020 there are three competitive grant programs available; applications closed in August.
Energy Performance Contracting
Energy Performance Contracting is a process through which energy efficiency and capital improvement upgrades are funded by the energy and maintenance cost savings generated by the improvements themselves. Those cost savings are formally “captured” and used to pay back the funding source.