New York Governor Andrew M. Cuomo announced that the $150 million agreement will assure the plant will operate for 10 years. He also said the conversion will improve reliability, reduce costs for energy customers, stabilize the local economy through property taxes (approximately $8 million annually), and create jobs.
Under the agreement, NRG and National Grid will convert the three coal-fired units, creating about 50 construction jobs while preserving permanent jobs. The conversion will approximately double the number of permanent jobs and maintain the existing 68 jobs at least through mid-2015, according to Governor Cuomo’s administration.
The new facility is expected to be operational by Fall 2015.
The terms of the deal must be receive final approval by the Public Service Commission.
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