Wisconsin Agency Rejects Key Part of Port Washington Power Plant Deal

The utility had agreed to make the payments as part of a pact in which the city backed the utility's efforts to get PSC permission to convert the plant. In August, the two sides reached an agreement that was estimated to bring an additional $66.8 million to the city, the Port Washington-Saukvil...

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Bibliographic Details
Published inKnight Ridder Tribune Business News p. 1
Main Author Cole, Jeff
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 10.12.2002
Subjects
Agreements
Coal
Gottlieb, Mark
Iglar, Chris
Power plants
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Summary:The utility had agreed to make the payments as part of a pact in which the city backed the utility's efforts to get PSC permission to convert the plant. In August, the two sides reached an agreement that was estimated to bring an additional $66.8 million to the city, the Port Washington-Saukville School District and Ozaukee County. The PSC's decision could affect We Energies' effort to build the coal-fired generators in Oak Creek, [Mark Gottlieb] said. Those include the utility donating 42 acres, valued at $4 million, along Highway C on Lake Michigan; selling 28 acres of vacant land the utility owns near Park St. and Sunset Road and giving up to $500,000 of the proceeds to the city; paying the city's expenses for supporting We Energies' application before the PSC; and allowing public access to the South Beach area.