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Commissioners votes 2-1 in favor of Moundsville Power Plant

Updated: Tuesday, August 19 2014, 06:49 PM EDT

MARSHALL COUNTY, W.Va.--

The plan to bring a multi-million dollar natural gas power plant to Moundsville has been approved.

Marshall County commissioners voted Tuesday, at a regular meeting, in favor of the plant. Commissioner Bob Miller voted against the plan.

Monday a special meeting was held concerning the liabilities with a payment in Lieu of Tax Agreement, or Pilot Agreement.

The terms of the agreement call for the commission to take official ownership of the proposed plant for $1. The company would lease the facility from the county.

Commissioners would receive about $31 million in lease payments over 30 years from the proposed 549-megawatt plant via the Pilot Plan.

Updated: Tuesday, August 12 2014, 07:01 PM EDT WTOV9.com MOUNDSVILLE, W.Va. -- The plan to bring a multi-million dollar natural gas power plant to Moundsville continues. Leaders with Moundsville Power say they are still working to build the plant, but the political debate in Marshall County remains an issue. A vote in the next few weeks is expected by the county commission. It's concerning whether or not a $615 million plant will come to Moundsville. However, some commissioners have concerns. It was not talked about at Tuesday's commission meeting, but the worry is the payment in Lieu of Tax Agreement, or Pilot Agreement. The terms of the agreement the county is considering call for the commission to take official ownership of the proposed plant for $1. The company would lease the facility from the county. "We are continuing to move forward on some information (about the plant)," commissioner Don Mason said. "There were some issues we were concerned with as far as environmental responsibilities and other liability issues." The pilot program would give Moundsville Power some tax relief, but without the plant, it won't be built. Commissioners would receive about $31 million in lease payments over 30 years from the proposed 549-megawatt plant via the Pilot Plan. He says he hopes the county's end of the deal is wrapped up soon. "Without the pilot, the project wouldn't work," Mason said. "We have used it in many other projects in Marshall County. ...This isn't something new; it's been used many times across the state. " Commission is expected to vote on the matter in the next few weeks. Two commissioners will have to vote for the plant in order for the plan to pass.

Read More at: http://www.wtov9.com/news/features/top-stories/stories/vote-expected-gas-power-plant-moundsville-soon-5326.shtml
Updated: Tuesday, August 12 2014, 07:01 PM EDT WTOV9.com MOUNDSVILLE, W.Va. -- The plan to bring a multi-million dollar natural gas power plant to Moundsville continues. Leaders with Moundsville Power say they are still working to build the plant, but the political debate in Marshall County remains an issue. A vote in the next few weeks is expected by the county commission. It's concerning whether or not a $615 million plant will come to Moundsville. However, some commissioners have concerns. It was not talked about at Tuesday's commission meeting, but the worry is the payment in Lieu of Tax Agreement, or Pilot Agreement. The terms of the agreement the county is considering call for the commission to take official ownership of the proposed plant for $1. The company would lease the facility from the county. "We are continuing to move forward on some information (about the plant)," commissioner Don Mason said. "There were some issues we were concerned with as far as environmental responsibilities and other liability issues." The pilot program would give Moundsville Power some tax relief, but without the plant, it won't be built. Commissioners would receive about $31 million in lease payments over 30 years from the proposed 549-megawatt plant via the Pilot Plan. He says he hopes the county's end of the deal is wrapped up soon. "Without the pilot, the project wouldn't work," Mason said. "We have used it in many other projects in Marshall County. ...This isn't something new; it's been used many times across the state. " Commission is expected to vote on the matter in the next few weeks. Two commissioners will have to vote for the plant in order for the plan to pass.

Read More at: http://www.wtov9.com/news/features/top-stories/stories/vote-expected-gas-power-plant-moundsville-soon-5326.shtml
WTOV9.com MOUNDSVILLE, W.Va. -- The plan to bring a multi-million dollar natural gas power plant to Moundsville continues. Leaders with Moundsville Power say they are still working to build the plant, but the political debate in Marshall County remains an issue. A vote in the next few weeks is expected by the county commission. It's concerning whether or not a $615 million plant will come to Moundsville. However, some commissioners have concerns. It was not talked about at Tuesday's commission meeting, but the worry is the payment in Lieu of Tax Agreement, or Pilot Agreement. The terms of the agreement the county is considering call for the commission to take official ownership of the proposed plant for $1. The company would lease the facility from the county. "We are continuing to move forward on some information (about the plant)," commissioner Don Mason said. "There were some issues we were concerned with as far as environmental responsibilities and other liability issues." The pilot program would give Moundsville Power some tax relief, but without the plant, it won't be built. Commissioners would receive about $31 million in lease payments over 30 years from the proposed 549-megawatt plant via the Pilot Plan. He says he hopes the county's end of the deal is wrapped up soon. "Without the pilot, the project wouldn't work," Mason said. "We have used it in many other projects in Marshall County. ...This isn't something new; it's been used many times across the state. " Commission is expected to vote on the matter in the next few weeks. Two commissioners will have to vote for the plant in order for the plan to pass.

Read More at: http://www.wtov9.com/news/features/top-stories/stories/vote-expected-gas-power-plant-moundsville-soon-5326.shtml
WTOV9.com MOUNDSVILLE, W.Va. -- The plan to bring a multi-million dollar natural gas power plant to Moundsville continues. Leaders with Moundsville Power say they are still working to build the plant, but the political debate in Marshall County remains an issue. A vote in the next few weeks is expected by the county commission. It's concerning whether or not a $615 million plant will come to Moundsville. However, some commissioners have concerns. It was not talked about at Tuesday's commission meeting, but the worry is the payment in Lieu of Tax Agreement, or Pilot Agreement. The terms of the agreement the county is considering call for the commission to take official ownership of the proposed plant for $1. The company would lease the facility from the county. "We are continuing to move forward on some information (about the plant)," commissioner Don Mason said. "There were some issues we were concerned with as far as environmental responsibilities and other liability issues." The pilot program would give Moundsville Power some tax relief, but without the plant, it won't be built. Commissioners would receive about $31 million in lease payments over 30 years from the proposed 549-megawatt plant via the Pilot Plan. He says he hopes the county's end of the deal is wrapped up soon. "Without the pilot, the project wouldn't work," Mason said. "We have used it in many other projects in Marshall County. ...This isn't something new; it's been used many times across the state. " Commission is expected to vote on the matter in the next few weeks. Two commissioners will have to vote for the plant in order for the plan to pass.

Read More at: http://www.wtov9.com/news/features/top-stories/stories/vote-expected-gas-power-plant-moundsville-soon-5326.shtml
Commissioners votes 2-1 in favor of Moundsville Power Plant


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