tenaska

Terms of TEF Distribution Finalized

By evramirez | May 3, 2023 | Comments Off on Terms of TEF Distribution Finalized

The distribution of the $31.35 million Tenaska Equity Fund (TEF) was finalized Tuesday night at a Brownsville City Commission meeting on May 2. Brownsville commissioners acted on a resolution approved May 1 by the Board of Directors of the Brownsville Public Utilities Board (BPUB) based on recommendations made by a joint subcommittee of BPUB and…

BPUB Update on Tenaska Equity Fund

By bpub | April 12, 2023 | Comments Off on BPUB Update on Tenaska Equity Fund

BROWNSVILLE, TX – On Monday, April 10, the Brownsville Public Utilities Board (BPUB) Board of Directors voted to add BPUB’s net interest earned on the $29 million to the Tenaska Equity Fund (TEF). BPUB management determined that the total interest earned on the $29 million was $2,082,611, which was subsequently verified by external auditor Burton…