NYRI says no cost to taxpayers but money may be coming to them from FEDS (who pays for that?)
honk...@gmail.com
about what the politicians are doing...
But for right now, here is a short but interesting link to the Norwich
Sun.
NYRI is claiming the line will bring in money for taxes to the
communities along the line. However, there are incentives from FERC
that will offset the Canadian investors costs of building the
powelines.
So much doublespeak from this company. It sounds like the taxpayers
will be paying at some level and NYRI will not be.
This story is just a summary -- the subscribers get the whole thing.
NYRI claims project is tax-free, could receive federal rate incentives
By: Michael McGuire, Sun Staff Writer
Published on: Wednesday, February 14, 2007
NORWICH - Taxpayers won't have to shell out a dime for the $1.6
billion New York Regional Interconnect power line, officials with the
Albany-based company claim. In fact, NYRI estimates that residents
along nearly 200 mile route - including the 44 the line could run
through in Chenango County - would receive a total of $30 million in
real property taxes annually.
"The transmission line we propose to build, at no cost to taxpayers,
would deliver electrical energy that's already being generated upstate
to economically crucial areas of the state," said project manager Bill
May, "and would do so in an affordable, safe and efficient way."
However, the Federal Energy Regulatory Commission is currently
offering private transmission companies like NYRI project incentives
that could substantially, if not totally, reimburse them on several
operation and construction costs.
NYRI would have to apply for the incentives if the project is approved.