It would be great if we could generate more power and actually keep it here locally.
Lockport Union-Sun & Journal Online - POWER PLANS: New AES plant, tax breaks to be discussed
WHEATFIELD — The public will soon be able to share their thoughts on a possible second power plant in Somerset.
The Niagara County Industrial Development Agency Board of Directors accepted proposals and agreed to hold public hearings on incentives Thursday for a new $1 billion AES “clean coal†plant and a tax agreement on its existing plant that could end the company’s litigation against Somerset.
The proposed generating station would be located on the company’s 1,800 acres. Between 100 and 120 new workers would be hired to help with the 675-megawatt capacity plant.
AES Somerset LLC President Kevin R. Pierce said the new employees would be sought from the community and would be trained to run the plant.
“This is a huge investment,†Pierce said. “It means a lot of job opportunities in Niagara County.â€
In addition to generating power, the plant would have an area for the research and development of carbon capture and sequestration technology. AES-NY LLC business manager Christopher Wentlent said the Maryland and Oklahoma AES plants sell their carbon dioxide to the beverage industry.
Wentlent said the plant has a potential tax revenue of $450 million over 25 years, which he believes could bring other businesses and opportunities to the area.
4 users commented in " POWER PLANS: New AES plant, tax breaks to be discussed "
Follow-up comment rss or Leave a TrackbackIs Rus Thompson in favor of using tax payer dollars to spur economic development?!
See? all taxpayer funding isnt bad, this investment will spur growth and additional tax revenue.
What spurring of economic development? They’ve been promoting that canard for decades and where are the results? The only thing that will offer sustained economic development is the government getting chopped down to size and the tax bill along with it for everybody.
AES Somerset LLC is a subsidiary of AES Corp., a major corporate welfare queen on a global scale, they’ve been sucking megabucks off the taxpayers through the IFS and OPIC for years. Kind of like a pint sized Enron.
Adam, I thought you liberals hated corporate welfare. So much for principles, all you need is a song and dance about government and politically connected businessmen working together to spur economic development and better yet, the more intoxicating drug of more tax revenue and you have visions of a new economic utopia.
Adam, I thought you liberals hated corporate welfare. So much for principles,
Classis conservative strawman argument… when did i say i was against corporate welfare? I didnt, but “liberals” do…a term you are free to define then cut down. Did you watch Outfoxed too? There is a whole sceen about how conservatives use strawmen to make cut down opponents while seemingly taking a principled stance. classis falacious argument tactic…
I didn’t say you were against corporate welfare, your first comment made that quite clear.
Actually, you are not the first liberal Democrat that I seen that is a fan of corporate welfare. It seems the many who are FDR Democrats are proponents of the welfare-state in general. Actually they can sop any fool economic or social platform, whether Marxist, Fascist, Mercantilist or whatever, anything thing that centralizes control in an elite class of society and call it their own. A most unprincipled bunch of political animals, as bad as the RINO’s and neo-con Republicans.
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