Subsidy Tracker Individual Entry
Company:
SWEPCO
Parent Company:
American Electric Power
Subsidy Source:
multiple
Location:
Louisiana
City:
Shreveport
County:
Caddo
Project Description:
natural gas plant
Year:
2010
Major Industry of Parent:
utilities and power generation
Specific Industry of Parent:
utilities
Subsidy Value:
$96,542,770
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Source of Data:
The value of the property tax exemptions and Enterprise Zone tax credits are taken from: Louisiana Commerce & Industry Board Approvals, 2010 (YTD 8/2010), pp. 30 and 150; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance...
Notes:
The subsidy package can be tied to the 2010 opening of J. Lamar Stall unit at SWEPCO natural gas plant in Shreveport. The project received property tax exemptions worth estimated $92,588,770 over 10 years, Enterprise Zone investment tax credits worth an estimated $3,929,000 over 5 years, and Enterprise Zone job tax credits worth $25,000. The main Subsidy Tracker data lists the awards in the 2010 entries for Industrial Tax Exemption and Enterprise Zone programs (for EZ, the amount listed is $3,954,000), both under Southwestern Electric Power Company dba SWEPCO.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
