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Seeking Support For WV Power Plant

Mon, 08/18/2014 - 10:46am
Associated Press

MOUNDSVILLE, W.Va. (AP) — Developers of a proposed natural gas-fired power plant in Marshall County are seeking the county's support of the project.

Officials with Moundsville Power and the Regional Economic Development Partnership plan to make a formal presentation to the County Commission on Monday.

The Intelligencer and Wheeling News-Register (http://bit.ly/1yNDSaz ) reports that the developers are proposing an agreement under which the county would own the plant and lease it back to Moundsville Power to operate. Moundsville Power would pay about $1 million annually to the county in lieu of regular property taxes.

The $615 million plant would be located in Moundsville. It would generate 549 megawatts of electricity and use about 100 million cubic feet of gas per day.

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