Judd Legum

@JuddLegum ↗

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Last Checked Sept. 20, 2022

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Tue Sep 06 12:48:23 +0000 2022

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Judd Legum @JuddLegum

5. Siemens argued that Jackson couldn't afford to say no. In a December 2010 email, Siemens told a Jackson official that "[r]ight now the city truly needs this project b/c you are losing thousands of dollars each day the project is not implemented." https://t.co/vFmWZXZPqt — PolitiTweet.org

Posted Sept. 6, 2022

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Judd Legum @JuddLegum

4. @Siemens assured city officials that the project would more than pay for itself. Jackson would pay @Siemens $90 million — the largest contract in city history — and the new automated system would generate "$120 million in guaranteed savings" over 15 years — PolitiTweet.org

Posted Sept. 6, 2022

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Judd Legum @JuddLegum

6. What Siemens was promoting is an "energy performance contract." It allows municipalities to finance energy projects through projected future savings. Under a new Mississippi law championed by Siemens, such contracts could be signed without a competitive bidding process. — PolitiTweet.org

Posted Sept. 6, 2022