In the wake of its official acquisition of Salem Harbor Power Station, Footprint pens a letter to Salem.
The attached letter was submitted by Foortprint. The company officially acquired Salem Harbor Power Station last week.
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The time for talking is soon to end and results will be expected.
Long before any of us were here, decisions were made concerning the waterfront. Business, profit and employment were the impetus. Many generations of Salemites have lived with the results of those decisions. More than 175 years later the main legacy of those who built the waterfront industries has been Shetland Park, the mess that is the North River, and the smokestacks of the power plant. It would seem that the third leg of that industrial triad is soon to be a thing of the past. There are few in Salem who do not have an opinion on what has transpired over the last few years in regards to the 60-acre site on Fort Avenue. No one loves it. Many love the jobs and tax revenue that it has generated. Lots of folks truly hate it. Some who …
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11:52 pm on Wednesday, August 8, 2012
You're right, you definitely don't want to mess with the Fed's, but the FERC filing seems to only deal with the current plant operation, so it probably doesn't lock them into anything else. If I'm doing the math right, I think Dominion may have actually paid Footprint to acquire the plant. In their second quarter earnings last week Dominion took a $27 million write down on Salem Harbor for the … more ›
windpower
7:19 am on Friday, August 17, 2012
The one fly on the pie ...is that this plant is betting on Cape Wind to be built . What happens if it is not built ? Wind Power is taking negitive hits around the world for it's track record . Oh how we all hope to see this plant gone . more ›