The South Bend Tribune reported Oct. 14 that the St. Joseph Ind., County Council has unanimously approved a development agreement and property tax abatement for the proposed St. Joseph Energy Center natural gas-fired electricity plant near New Carlisle, Ind.
GenerationHub has previously reported that St. Joseph Energy Center LLC plans to install a 675-MW natural gas power plant that would connect to the American Electric Power (NYSE:AEP) Dumont-Olive 345 kV line in Indiana.
St. Joseph is evidently affiliated with Energy Investors Funds (EIF) which is now part of Ares Management, L.P. (NYSE:ARES).
According to the county council agenda, the governing body was voting on “a resolution determining that the qualifications for an economic revitalization area have been met.”
The power plant represents a $500m investment. The project will also involve about 500 construction workers over three years. There will be 20 permanent full-time jobs at the plant, according to the newspaper report.
The Indiana Department of Environmental Management decided this summer that it would not require St. Joseph to re-permit recent changes to the project design.