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In examining the available financing options, staff has tried to identify and segregate financial <br />tools by the size of projects for which they are appropriate. Staff identified for elimination from <br />consideration those tools that are most appropriate for utilities having insecure financial stability, <br />as those devices usually carry greater costs and risk. It was reasoned MWMC wouldbe able to <br />obtain more favorable terms due to its financial strength. Lastly, staff has examined each tool for <br />administrative ease of implementation. Elections, research, reporting, and auditing all add costs <br />to any type of financing mechanism and, while these issues are not of paramount importance, <br />they deserve consideration. <br />The following matrix outlines the mechanisms described in this appendix and provides important <br />information about each device. Staff recommendations are included with each financing source. <br />2005 MWMC Financial Plan - Appendix II Page 40 <br />