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December 3, 2010     Cape Gazette
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December 3, 2010
 

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20 FRIDAY, DECEMBER 3 - MONDAY, DECEMBER 6, 2010 NEWS Cape Gazette Power plant ,o a, officials, explaining the company's commitment to pro- tecting the environment and Continued from page I bringing jobs to the state. NRG Energy Northeast Re- lion for pollution controls being gion President Drew Murphy built on the plant's largest unit, referenced dozens of workers said spokesman David Gaier. around the podium. "That's the Construction - financed in noise of us putting people to part by $190 million in tax-ex- work," he said. 'Their presence empt bonds and $57 million in is a tribute to our relationship federal recovery zone bonds - with the state and people off will be complete in December Delaware" 2011. Forecast rain showers held Delaware's Economic Devel- off Tuesday, Nov. 30, as dozens opment Office (DEDO) facilitat- gathered outside the plant's Unit ed $190 million in bonds for the 4, built in I980. NRG Energy and project under the state's tax-ex- state officials addressed union empt bond financing program. representatives, lawmakers and DEDO Secretary Alan Levin said LEAH HOENEN PHOTO STATE OFFICIALS praised N. RG Energy for its efforts to create jobs in Delaware while significantly reducing pollution emissions at the Indian River power plant. NRG Energy is investing $410 million in air-pollution controls. Shown at the plant are (I-r) Delaware Economic Development Office Secretary Alan Levin, Gov. Jack Markell, Department of Natural Resources and Environmental Control Secretary Collin O'Mara, and NRG Energy Northeast Region President Drew Murphy. state taxpayers did not under- bonds through the federal gay- cility could be better," Levin said. .... "Nobody has a better Vision for write the project. Instead, his of- ernment. rice charged a $950,000 fee, Levin praised O'Mara for hls the environment in this state work on the project. "It was his than Collin O'Mara," he said. vision and his belief that this f,- Continued on page 21 which is recycled into the state's Strategic Fund. "Delaware's Strategic Fund is $950,000 richer because of the bond. It's a huge win-win," Levin said. No state money was con- tributed to the project, said DEDO spokeswoman Nikki Lavoie. She said the bonds are neither backed nor guaranteed by the state. Sussex County approved $25 million in federal recovery zone facility .bonds just as the power- plant event was beginning, Mur- phy said. Over two years, the project will have generated hun- dreds of jobs, Murphy said. He said the upgrades will ensure the plant will provide reliable power for decades to come, maintaining a presence as a local employer. Gay. lack Markell said, "These days, any time we can come out and see hundreds of Delaware- ans working on these projects, it's a good day." He praised the project for joining the need for good jobs with the need to pro- tect the environment. "It really doesn't get any better than that" Markell said the bonds provid- ed by the state are the single- largest allocations of financial re- sources ever under a project by which Delaware is allocated council approves $57M in federal bonds a conduit and not liable for any of the loans. "The program is there to spur economic development by offering tax-exempt financ- ing to special investors," she said. Council President Vance Phillips, R-Laurel, and Council- man Sam Wilson, R-George- town, did not vote. Neither one offered a reason at the meeting, but after the meeting Phillips said, "For me, it was to register concern for the closing of the units. Because it was a bond- related vote rather than a vote on the necessary, wisdom of shntting down power units, I could not vote no." - wm betheo ygen- ronm@ca0egazette:com erator on line, the plant will surpass all stae and federal Sussex County Cofmcil ap- art-quality regulations, NRG proved the issuance of $57 nail- senior ex mtive Steve Arabia lion in federal mcovew zone t01d council. Susan Webb, facility bonds to Indian River county finance'director, said I2.:, a subsidiary of NRG Fax- theco6nty's allocation ofnear- ergy Inc with a 3-0 vote at its ,ly $25 million was being cam- Tuesday, Nov. 30 meeting, bined with more than $12 mil- The county's industrial rev- lion from New Castle and $20 enue bond committee had million from Kent counties for ommend6d approval of theap- a total of $57 million. plication for work on Unit 4"at Bonding authority was given the Indian River power plant, to counties throughout the ha- In an effort to meet environ- tion to provide tax-exempt mental regulations, the plant bonds througk the federal has shut down one generator stimulus plan under the Amer- and plans to shut down two ican Recovery and Reinvest- more prior to 2013. Once work ment Act. is completed On Unit 4, which Webb said county acts as 404 E. Savannah Rd. 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