LeRay asks for longer-term PILOT on investment into biomass plant

摘要

LeRay plans to invest about $34 million (?26.4 million) to convert a coal-fired plant into one that produces energy using biomass materials in Fort Drum, New York. To offset those costs, it is seeking to approve the deal with officials from the town, Carthage Central School District and Jefferson County.'Our CEO and chief risk officer met with town officials on 10 May to propose the PILOT agreement,' says LeRay's administrative clerk to the supervisor, Steven Harter. 'But, as the project is expected to be completed in two years, town officials are pushing for a two-year PILOT instead.'The specifics of the payment structure for the PILOT have not yet been discussed.