nuclear-news

Oswego County happy with bribes from Exelon nuclear company

Oswego County reaches tax agreement with nuclear plants, WRVO, By PAYNE HORNING  3 July 19, Exelon, the company that owns and operates the nuclear power plants in Oswego County, has reached an agreement with the county on a $69 million tax agreement.

The Payment In Lieu Of Taxes (PILOT) agreement will provide a steady stream of revenue to the county through 2023. Each year, the Mexico Central School District will get $9 million, the county will get $4 million, and the Town of Scriba will get $500,000. That’s about $2 million more per year than under the previous PILOT agreement……

Oswego County Administrator Phil Church says the increase in payments is a victory for the county because the value of the nuclear plants go go down as they age……https://www.wrvo.org/post/oswego-county-reaches-tax-agreement-nuclear-plants

July 4, 2019 - Posted by Christina Macpherson | politics, USA