- Associated Press - Tuesday, September 2, 2014

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 (https://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.



Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide