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Power plant closing threatens budgets

From Business Today:


 AES is closing its Somerset power plant for up to 6 months. The company is in bankruptcy and owes $600 million. The plant will be auctioned March 26, but no layoffs have yet been mentioned for the plant's 115 workers. The closure has community leaders worried, since many budgets are heavily funded with tax revenues from the plant. The Barker school district's 2012-2013 budget is counting on AES for 38 percent of its funding.



Carl Paladino's company  Ellicott Development wants to buy three city-owned parcels to build a medical office. The three small properties are on an empty lot on the north side of St. Paul Mall, located between Best and East North streets. Their estimated total value is $69,900. Ellicott also wants to turn the former Our Lady of Lourdes church into a mixed use-space featuring retail and residential opportunities.




 Solar Liberty  has been recognized by New York State Energy Research and Development Authority and the U.S. Department of Energy. Solar has been designated the largest solar installation company in New York State in 2011, based on the number of systems installed and the amount of kilowatt capacity brought online last year.


Who is getting hired, promoted and honored?

It looks like the waters of March are holding off today:



Energy | Real Estate
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