Residents in Tompkins County could be the latest beneficiaries of natural gas development if the Cayuga Power Plant makes a shift from coal to natural gas. Rep. Tom Reed highlighted today a proposal from the Upstate New York Power Producers to repower the coal-fired plant along Cayuga Lake with natural gas.
"We could see more than 500 construction jobs and 90 permanent jobs created through repowering," Reed said. "The benefits go beyond jobs directly linked to repowering -- this means future jobs in manufacturing. This is also good news for the local tax base -- preventing the Lansing School District, the town, and property owners in Tompkins County from losses in revenue."
The Cayuga Power Plant's economic impact on the region would be significant. The plant represents 1.3 percent of Tompkins County's tax base and more than ten percent of the Lansing Central School District's tax base. "Facilities such as the Cayuga Power Plant not only create jobs in construction and operation, they provide local governments with revenues needed to carry out their services."
The announcement comes on the heels of another report released indicating that repowering the NRG facility in Dunkirk could mean lowering electricity costs for New Yorkers by up to five percent.
"This is the second example in two days of economic benefits from natural gas development," Reed continued. "It's a trend our region is likely to see continue, as more plants realize the economic viability of natural gas development and our communities begin to reap the benefits."