“The long-delayed underground power line from Quebec to New York City will generate $85 million in revenue for Schenectady County and some of its towns and school districts.
The Schenectady County Industrial Development Agency on Wednesday announced a 30-year payment in lieu of taxes agreement with developers of the Champlain Hudson Power Express, which will carry a gigawatt of electricity for roughly 340 miles.
The project was first proposed in 2010. Gov. Kathy Hochul on Monday announced the state had chosen it as part of the infrastructure upgrade needed to move clean energy north to south; construction could begin next year. However, the transmission line still has not received final approval from the Public Service Commission, New York’s regulatory agency for utility infrastructure.”
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Cropley, John. Schenectady Daily Gazette 22 September 2021.