Seeking Support For WV Power Plant
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.