NRG Land Transfer update

The City Manager advised City Council leadership yesterday that we are one step closer to obtaining the land owed to the City by NRG. The City is due approximately 330 acres as part of an agreement with NRG when they received approval to build a power plant on the former Summitwood property. Earlier this year the State Attorney General's office filed an injunction on behalf of the Siting Council to enforce their order given in 1999 to complete the transfer. (see the 1/14/06 R-J article reporting on the AG and Siting Council's action here.).

The City has completed its environmental assessment and title search as part of the agreement and will formally request the transfer from NRG next week. At that point, according to the agreement, NRG has 60 days to transfer the land. NRG has a number of encumbrances to remove, but that should not forestall the transfer, otherwise the Siting Council can take further action, including revoking NRG's permits for the power plant. That action could have severe financial consequences for NRG, and not in their best business interests.

Once again, the City has done what has been required, as we have ever since the power plant project began. It is time for NRG to complete their part of the deal.