NEWBURGH, N.Y. (AP) — The owners of a reopening Hudson Valley power plant are seeking approval of a payment in lieu of taxes agreement.
The Danskammer power plant in Newburgh is being converted from coal to natural gas. The owners say they'll save Hudson Valley ratepayers $100 million a year when it reopens in the fall.
The Poughkeepsie Journal (http://pojonews.co/1vBeaZO ) reports that Danskammer Energy wants the Orange County Industrial Development Agency to grant a payment in lieu of taxes, or PILOT, under which they'd pay Marlboro School District and others based on the current $15 million assessed value of the property for 10 years.
A public hearing on the matter is set for Wednesday morning in Newburgh Town Hall.
Danskammer sustained damage in Superstorm Sandy and has been dormant for two years.