Selectmen sign off on Power Purchase Agreement and PILOT Program
By Samuel Mackin with additional reporting by Samantha Bridgman
Lunenburg Selectmen took up the discussion of the proposed EPG solar project on Electric Avenue at last night's meeting of the board.
The Selectmen must sign off on two important documents regarding the solar project, the Power Purchase Agreement and the PILOT (Payment In Lieu Of Taxes) Program Agreement.
A special town meeting was held on September 25 to authorize executing the PPA. The PPA, approved 2-1 at the special meeting, includes a net metering credit. The Town will purchase the credits from the company to offset the Town's annual $500,000 electric bill.
"It's a new concept and because we were working on the details for so long, we weren't able to share more than a basic concept with people before the meeting. Now with the details worked out, it's coming down to the wording of the agreement, certainly nothing major," explained Town Manager Kerry Speidel Wednesday morning.
Following the PPA, the Board of Selectmen are still working to finalize the PILOT Agreement.
"The intent is to have the PILOT Agreement signed before EPG begins construction; that could be sometime during November," said Speidel.
Construction is slated to begin before the end of the current calendar year and will be completed no later than May 31, 2013.
The Electric Avenue solar installment will save the Town anywhere from 30-50 percent of it's annual electric bill. EPG is leasing land from Twin City Baptist Church.
For the rest of this article, pick up a copy of The Lunenburg Ledger in stores now, or call (978) 582-8200 to subscribe today!
- The Great Pumpkin Carver Photo Contest 2012! - Last Week!
- The Great Pumpkin Carver Photo Contest 2012! - WEEK 3
- The Great Pumpkin Carver Photo Contest 2012! - WEEK 2
- The Great Pumpkin Carver Photo Contest 2012! - WEEK 1
- Vote NO to article 2 & 3 at Special Town Meeting September 25
- Room for improvement and professionalism
- Tax exemptions for low income and seniors
- From former Library Trustees
- What if your income doesn’t increase?
- Why couldn’t you sign it?