2006 January 13
Quoddy Bay LLC, the company developing the $500 million Quoddy Bay LNG project on the Pleasant Point Reservation of the Passamaquoddy Tribe, on January 11 received notice from the Federal Energy Regulatory Commission (FERC) that the agency has approved the company's pre-filing request.
"After thorough review of our application, FERC has entered us into the structure, transparent federal permitting process," said Quoddy Bay LLC Project Manager Brian Smith. "This project will bring economic growth to Washington County and an abundance of clean, reliable energy to Maine and New England."
Quoddy Bay's project calls for 500 construction jobs, and up to 70 full-time operational jobs, paying $5 million in annual salaries at the facility alone. Quoddy Bay is offering the Town of Perry a generous tax, economic development, and recreational development package. The Pleasant Point Reservation of the Passamaquoddy Tribe, which will host the import facility, will receive lease payments totaling up to $12 million dollars a year.
"We look forward to the open houses in early February and the FERC organized scoping sessions both in neighboring communities," said Don Smith, CEO of Smith Cogeneration. "These will allow Quoddy Bay to share details, gather feedback, and refine our project."
Quoddy Bay's pre-application, approved by FERC, draws a timeline that seeks to begin construction in 2007 and operation in late 2009.
© 2006 The Quoddy Tides
Article republished on Save Passamaquoddy Bay website with permission.