Subsidy Tracker Individual Entry

Company: 
Empire Gen Holdings
Parent Company: 
Energy Capital Partners
Subsidy Source: 
state
Location: 
New York
City: 
Rensselaer
Project Description: 

power plant

Year: 
2010
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Subsidy Value: 
$87,035,916
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
20
Capital Investment: 
$800,000,000
Source of Data: 

The value and the breakdown of the brownfield tax credits are taken from: Brian Nearing, "Power plant bill for cleanup top in state," Albany Times-Union, February 2, 2012. The information on the payment-in-lieu-of-taxes is taken from: "Empire Generating expects to break ground on $700M plant next week," The Business Review (Albany, New York), March 5, 2008.

Notes: 

Empire Gen received a total of $87,035,916 through a Brownfield Cleanup Program Tax Credit--$84,000 in 2008 for site cleanup and $86,951,916 in 2010 for building a power plant at the site. The main Subsidy Tracker data lists both subsidies in the 2008 and 2010 entries for the program. The company also received a PILOT agreement that provided property tax savings, the value of which has not been reported.

Source Notes: 
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