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.