Subsidy Tracker Individual Entry

Company: 
Plains and Eastern Clean Line LLC
Parent Company: 
Subsidy Source: 
local
Location: 
Tennessee
City: 
Millington
County: 
Shelby
Address: 
Miller Road
Project Description: 

purchase renewable wind energy, construct direct current electric transmission line that terminates at a new converter station and then ties into the Tennessee Valley Authority network

Year: 
2014
Subsidy Value: 
$23,369,368
Program Name: 
Shelby County PILOT Agreements
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
16
Wage Data: 
$56,875
Wage Data Type: 
salary
Capital Investment: 
$259,848,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the county. PILOT is for 11 year period. Year is year credit approved. Jobs figure is 16 created jobs. Wage figure is projected average salary. There is no accompanying tax abatement at the local level as there is for many other PILOT issuances.

Source Notes: 
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