This reminds me of the PILOT agreement that Longview sought from Monongalia County in 2003.
Anyone want to write comments?
JBK
The Associated Press
MOUNDSVILLE, W.Va. – Developers of a proposed natural gas-fired power plant in Marshall County are seeking the county’s support of the project.
Officials with Moundsville Power and the Regional Economic Development Partnership plan to make a formal presentation to the County Commission on Monday.
The Intelligencer and Wheeling News-Register reports that the developers are proposing an agreement under which the county would own the plant and lease it back to Moundsville Power to operate. Moundsville Power would pay about $1 million annually to the county in lieu of regular property taxes.
The $615 million plant would be located in Moundsville. It would generate 549 megawatts of electricity and use about 100 million cubic feet of gas per day.