GenOn Energy Inc News

Avon Lake School Board takes step to settle NRG tax issues

Thursday, September 21st, 2017

by MICHELE MURPHY

AVON LAKE — The Avon Lake school board unanimously approved a proposal last Tuesday that sets the property value for the Avon Lake Power Plant at an average fair market value of $39.5 million through the year 2020.

The board’s 5-0 vote also authorized Superintendent Robert Scott to negotiate a final agreement with the plant’s owner, NRG Energy Inc., based on the …Read More

Lorain County Auditor, NRG negotiate settlement over Avon Lake power plant taxes

Tuesday, September 19th, 2017

 

Officials have reached a settlement over property tax issues for the Avon Lake power plant. Photo courtesy Bryan Wroten

By MICHELE MURPHY

AVON LAKE — Lorain County Auditor Craig Snodgrass said he has negotiated a deal with NRG involving millions of dollars in tax revenue related to the Avon Lake power plant on Lake Road.

Snodgrass said the agreement, which company officials have agreed to in principle last …Read More

State tax department devalues power plant again by millions

Wednesday, October 16th, 2013

Avon Lake

By Bryan Wroten

Both the city of Avon Lake and Avon Lake City Schools are figuring out how they are going to handle a yet another devaluation of the power plant that will cost them, especially the schools.

Mayor Greg Zilka told City Council members during Saturday’s budget meeting he received word from Lorain County Auditor Craig Snodgrass the NRG Energy Inc. power plant would have …Read More

A $50 gift card turns into $10,000 donation for CRS

Thursday, November 29th, 2012

Avon Lake

By Bryan Wroten

The Avon/Avon Lake Community Resource Services is thankful for the $10,000 donation from GenOn Energy Inc. – and – the power plant employee who donated the $50 gift card that started it all.

After the far reaching effects of Hurricane Sandy passed over Avon Lake, the power plant’s management offered gift cards to plant employees who lost power or had storm damage to …Read More

New school forecast shows loss from power plant’s 2015 closing

Thursday, November 8th, 2012

Avon Lake

By Bryan Wroten

Though there’s no earth-shattering change from the previous five-year forecast, the newest update provides more details about Avon Lake City Schools’ immediate future, as well as a better idea of how hard the district will be hit by GenOn Energy Inc.’s 2015 closing of its power plant.

The biggest difference from the last forecast is an extra $20,000 in lost revenue to the …Read More