First Choice Energy

Tuesday, March 5, 2019

Legal Dispute Over Second Lordstown Power Plant Resolved, Construction Planned

From the Youngstown Vindicator:
The first plant began operation last October after about 21/2 years of construction. 
Siderewicz and his company filed the lawsuit on behalf of the proposed second plant, known as the Trumbull Energy Center, in September 2017 asking Judge Peter Kontos to enforce the agreements the owners of the first plant signed to allow the second plant to be built. 
The owners of the first plant, known as the Lords-town Energy Center, said they were holding off on deciding whether to allow the second plant’s construction until they had time to study the impact the second plant would have on the first plant. 
Judge Kontos ruled in late 2017 that the owners of the first plant must sign an agreement related to the industrial park necessary for the second plant to proceed. An appeal of that ruling is pending.
Read the rest of that article by clicking right here.

And also from the Vindicator:
Construction of a $925 million clean-energy power plant in Lordstown should begin this summer, according to a press release issued today from Clean Energy Future, the project’s developer. 
The center is projected to have a $26 billion long-term economic impact on the Mahoning Valley economy and local and state governments, according to CEF. 
Trumbull Energy Center will be built adjacent to and just south of the $900 million Lordstown Energy Center, which CEF also developed. It went into commercial operation last October. 
Huntington Bank and Key Bank have both expressed interest in loaning debt capital to Trumbull, according to the press release issued by Bill Siderewicz, CEF’s president. 
Trumbull has all its major permits and licenses, and CEF was ready to proceed to the financing stage for Trumbull when a contract dispute arose that forced Trumbull to file suit against the adjacent Lordstown energy facility. That dispute has been settled, officials said. 
“Once funded, Trumbull will yield substantial economic benefits to Northeast Ohio and the to the people of Trumbull and Mahoning counties,” said Bill Siderewicz, CEF’s president. 
Trumbull will be a huge economic boost to the Mahoning Valley and greater-Ohio, he said. 
The immediate impact will be new construction jobs over 34 consecutive months that will peak at 950 workers, representing close to 2 million man-hours of construction effort, CEF said.
Click here to read that whole article. 

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