* A huge Illinois project, privately funded with a union-friendly leadership. From the Morris Herald News…
Competitive Power Ventures announced Thursday its intention to open a state-of-the-art electric generating facility in the Three Rivers area of unincorporated Grundy County.
The CPV Three Rivers Energy Center is a nearly $1 billion privately funded project designed to meet the future electricity demands of Illinois. The 1,100-megawatt natural gas-powered 2-by-1 combined cycle facility will provide enough electricity to power about 1.1 million homes.
With a lengthy permit process ahead for the facility, Three Rivers project director Michael Bruno said the company has set a goal of beginning construction in 2018 and supplying electricity by 2021. The 21⁄2-year construction process is expected to create 300 to 500 locally sourced union jobs.
“Grundy County has an amazing, ready-made union workforce,” Bruno said. “That’s huge for us. We see unions as an essential partner.” […]
Norton Ammer said the tax base enhancement will be huge. Seven taxing bodies would receive funds, including Coal City schools and protection agencies, Goose Lake Township and Grundy County.
I’m thinking we won’t see a triumphant press release from DCEO on this anytime soon.