Plan Advances to Build $615M Gas-Powered Electric Plant in WV
The plans continue to advance to build a 549 megawatt electrical generating plant near Moundsville, WV that will be powered by Marcellus Shale gas (see Marcellus-Powered Electric Plant Coming to Marshall County, WV). As MDN previously reported, the deal to get it built and operating is a tad complicated (see Complicated Deal for Proposed WV Gas-Powered Electric Plant). Essentially the deal boils down to this: the company that will build and operate the plant will turn over the deed to the facility once it’s built to the county and pay the county lease payments each year in lieu of paying taxes. It’s a win/win for everyone. Right now the land on which the plant will be built is an EPA brownfield producing no taxes.
Here’s more details on just how the plan will work for Marshall County: