Senate passed bill to provide incentives to developers for modernizing Port Jefferson Plant


“This bill represents an important step forward in improving efficiency and reducing environmental impacts of older power plants through re-powering. The Assembly and Governor should be urged to approve it for its potential contribution to the well being and economy of LI.”

New York State Senator Kenneth P. LaValle said a bill to provide an incentive for the remediation of the Port Jefferson power plant  and to create development of a new, state of the art facility on the site  passed the New York State Senate today.

“This bill would encourage the development of a new or repowered facility in the Village of Port Jefferson to replace the existing plant and restore it with a modern, efficient power source,” Senator LaValle said, adding “we want to encourage competition and reliable, clean, low-cost energy that will benefit all Long Islanders.”

The bill would provide an investor in the new facility with refundable development credits, cover at least 25% of cleanup and infrastructure expenses and provide up to a full property tax or PILOT rebate from the State for 10 years.  Additionally the bill would make available to a developer brownfield development credits.

“We are attempting, through this legislation,  to generate interest in the site,” Senator LaValle said.

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About lipaoversight

LIPA Oversight Committee was created to analyze the rates and practices to determine if it is working in the best interests of the Suffolk County ratepayers
This entry was posted in piolts, port jefferson, Remediation, repowering. Bookmark the permalink.

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