Byline: CLAIRE HUGHES Business writer
ATHENS -- If its proposed half-billion-dollar power plant is approved, PG&E Generating Co. would make a minimum of $72 million in payments in lieu of taxes over 22 years under an agreement the company has reached with the Greene County Industrial Development Agency.
Terms of the property tax PILOT (payment in lieu of taxes) agreement have been agreed to by representatives of the company and the three entities that would receive taxes in the deal -- Greene County, the town of Athens, where the plant would be sited, and Catskill Central School District. But the agreement will not be final until voted on by the IDA board of …
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