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finalizes Cob plant tax deal
After three years of turmoil
and controversy, Klamath County officials have
struck a tax deal they hope will secure the
construction of a gas-fired power plant in the
In exchange, Cob will pay
the county $2.5 or $1.5 million annually, depending
on the size of the plant built.
I'm still not in favor of this agreement, he said.
He also denied that he is
anti-development, a label he said he's been slapped
with since he took office at the beginning of this
Brown acknowledged it was a
short turnaround time, but there was no discussion
of delaying a decision.
Despite a finalized deal
with the county, the future of the Cob power plant
remains uncertain. Turner has repeatedly said that
whether or not the construction is completed depends
on the energy market.
The plant's developer,
Peoples Energy of Chicago, is still considering
selling the rights to the tax deal and power plant
to another company if the opportunity arises.
The final agreement will
bring in $98,300 less to the county than a tentative
deal made in May. In a deal brokered by commissioner
John Elliott, that amount instead will go to the
Bonanza Fire Department to pay in part for the
increased equipment and personnel costs the fire
department will need to protect the plant.
Page Updated: Thursday May 07, 2009 09:14 AM Pacific
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