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Monday, July 15, 2013

What Will New Power Plant Mean For Carroll County?

From Energy in Depth:
Once again, Carroll County takes the lead in natural gas development in Ohio. Last week, Carroll County Energy LLC announced plans to build an $800 million natural gas-fueled power plant over the next two to three years. As the most permitted county in the state, it makes sense that a company would choose this area for critical infrastructure like this plant, which will be able to produce enough electricity to power 700,000 homes.
The company has said the project could create 500 construction jobs and 25 to 30 full-time jobs. The project itself will sit on 77 acres just north of Carrollton, which has already seen huge economic benefits from natural gas. For example, Carroll County saw a 33 percent increase in sales tax revenue between 2011 and 2012, owing in no small part to shale development. The four energy companies operating in the county have spent more than $40 million on road improvements – 80 times the county’s annual road repair budget.
Carroll County could also see additional economic benefits from this specific project if the company enters an Enterprise Zone Agreement, which provides long-term tax revenues to benefit schools and other public programs. Building and utilizing the plant could also mean large payments for water and sewer services.
Read more here. 

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