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IRP |
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The structure of the loan included an IRP decoupling, which allowed the pre-existing monthly interest reduction payment (IRP) subsidy to continue after payoff of the current loan. The purpose of the IRP is to present a plan on how to meet Burbank's future electric needs," said Bruno Jeider, the author of the report, at BWP's headquarters near downtown. Mechanical rubber goods accounted for nearly 50% of demand for IRP in 2003, and future growth will be highly dependent on motor vehicle production levels, as well as the aggregate number of vehicles in use. |
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