July 2, 2012

Local power plant to keep going

It's not in Dryden, but the AES Cayuga power plant on the lake in Lansing has been Tompkins County's primary source of electricity for a long time. After a long period of wobbling, when it seemed that the plant's value was about equal to its cleanup cost, AES Eastern Energy filed for bankruptcy last week.

The Upstate New York Power Producers received final regulatory approval Friday to purchase two coal-burning power plants in Niagara and Tompkins counties. The price: about $300 million for both. Jerry Goodenough, who'd been the AES Cayuga manager, will run the new company.

Here are the Buffalo News article and the Ithaca Journal article.

Posted by simon at July 2, 2012 10:10 PM in
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