Share “Hearing set on power plant tax payment...”

Hearing set on power plant tax payment proposal

Published on NewsOK Modified: September 2, 2014 at 2:01 am •  Published: September 2, 2014
Advertisement

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.


AROUND THE WEB

  1. 1
    #JusticeForConrad hashtag surfaces after texts appear to show teen urging boyfriend to kill himself
  2. 2
    Wes Craven Dies: Veteran Director Of 'Scream,' 'Nightmare On Elm Street' Was 76
  3. 3
    Kansas statistician suing the state to obtain election records, says voting results don't add up
  4. 4
    OKC Thunder's Russell Westbrook marries Nina Earl in star-studded Beverly Hills ceremony
  5. 5
    Obama Renames Mt. McKinley 'Denali' Ahead of Alaska Trip
+ show more

FEATURED JOBS



× Trending energy Article