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VOL. 129 | NO. 34 | Wednesday, February 19, 2014

Clean Line Energy To Meet With Local Cos.

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Clean Line Energy and its partners are hosting public meetings this month to provide information on their wind energy distribution plan and meet with local businesses.

Clean Line Energy plans on building a 700-mile-long transmission system to deliver around 3,500 megawatts of wind power – enough energy to power around 1 million homes – generated in the Oklahoma panhandle to the Mid-South and the Southeast.

The firm is considering a $259.8 million investment in energy transfer infrastructure in Shelby County.

Clean Line Energy has applied for a payment-in-lieu-of-taxes (PILOT) incentive from the Economic Development Growth Engine of Memphis and Shelby County.

The project would create 16 permanent jobs with an average salary of $56,875. The project qualifies for an 11-year PILOT, which would save the company around $24.2 million. However, the project would create around $36.2 million in new tax revenue.

Clean Line would build a station in the city of Millington’s reserve area to convert the direct current wind energy to the alternating current power grid. The company is also considering Tipton County for the project.

Clean Line, Fluor Corp. and Pike Electric Corp. will hold two meetings to explain the energy transmission project to area businesses. Concrete suppliers, construction equipment rental companies, caterers, hotel operators and grading, storm drainage and road building firms are encouraged to attend the meetings.

The meetings are scheduled for Thursday, Feb. 20, from 7 a.m. to 9 a.m. at 164 Commercial Drive in Atoka, Tenn., and from 5 p.m. to 7 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave.

– Amos Maki

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
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