Clean Line Energy announces intent to invest nearly $3-million i - KAIT Jonesboro, AR - Region 8 News, weather, sports

Clean Line Energy announces intent to invest nearly $3-million in NEA

JONESBORO, AR (KAIT) -

A Houston-based company announced this week that it will make more than 2 million dollars in ad valorem payments, or payments based on the assessed value of personal property or real estate, to 5 counties in Region 8. 

The company also announced the intent to pay more than $800,000 in infrastructure payments to Cross, Jackson, Mississippi, Poinsett and White Counties.

Clean Line Energy, which is seeking approval from the U.S. Department of Energy to construct the Plains & Eastern Clean Line project, is “developing a series of transmission projects to move renewable energy to market.”

According to a news release, the payments would continue each year.

“The Plains & Eastern Clean Line will facilitate an approximately half-billion dollar investment in Arkansas and will deliver 500 megawatts of low-cost, wind power to Arkansas, doubling the amount of low-cost wind energy the Natural State currently purchases,” the release stated. “The Plains & Eastern Clean Line includes a converter station located in central Arkansas, which will provide Arkansas with access to affordable, domestic power for years to come.”

Clean Line also said the project will serve approximately 160,000 homes per year.

Michael Skelly, President of Clean Line, said the company will pay more than $30-million to landowners in Arkansas to compensate the project.

Revenues for each county in Region 8 (according to Clean Line):

  • $300,000 in ad valorem payments to Cross County, $120,750 in infrastructure payments
  • $600,000 in ad valorem payments to Jackson County, $242,750 in infrastructure payments
  • $300,000 in ad valorem payments to Mississippi County, $122,250 in infrastructure payments
  • $600,000 in ad valorem payments to Poinsett County, $236,250 in infrastructure payments
  • $300,000 in ad valorem payments to White County, $129,000 in infrastructure payments

Click here to read about the project.

Copyright 2015 KAIT. All rights reserved.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Foundation to adopt a family for Christmas

    Foundation to adopt a family for Christmas

    Tuesday, November 21 2017 11:40 PM EST2017-11-22 04:40:57 GMT
    Tuesday, November 21 2017 11:55 PM EST2017-11-22 04:55:13 GMT
    (Source: Keeunna Watson)(Source: Keeunna Watson)

    A foundation in honor of a Jonesboro who died from epilepsy is finding a way to serve another family in need for Christmas.

    A foundation in honor of a Jonesboro who died from epilepsy is finding a way to serve another family in need for Christmas.

  • Family safely makes it out of house fire in Matthews, MO

    Family safely makes it out of house fire in Matthews, MO

    Tuesday, November 21 2017 11:47 PM EST2017-11-22 04:47:04 GMT
    source:  Raycom Mediasource: Raycom Media

    According to an official with the Matthews Volunteer Fire Department, a family was inside the home when the fire started in an upstairs bathroom.

    According to an official with the Matthews Volunteer Fire Department, a family was inside the home when the fire started in an upstairs bathroom.

  • Combating depression during the holidays

    Combating depression during the holidays

    Tuesday, November 21 2017 11:23 PM EST2017-11-22 04:23:14 GMT
    Tuesday, November 21 2017 11:41 PM EST2017-11-22 04:41:49 GMT
    (Source: KAIT)(Source: KAIT)

    The holiday season is usually a time of happiness and enjoyment with family and friends, but that can be different for some suffering from a mental health illness.

    The holiday season is usually a time of happiness and enjoyment with family and friends, but that can be different for some suffering from a mental health illness.

Powered by Frankly