Summary
JAY - If power plant officials get their way, the town of Jay will be out more than $3 million in taxes already assessed, and that concerns Town Manager Ruth Marden, she said Monday.
Androscoggin Energy LLC, which is in Chapter 11 bankruptcy protection, has filed a lawsuit in U.S. Bankruptcy Court in Bangor claiming Jay has overvalued the plant and taxed it too much. It wants the real estate valued at nothing and the personal property equipment for tax years of 2004-05 and 2005-06 reduced to $10 million each year.See the full content of this document
Extract
Energy Plant Sues Over Taxes
The natural gas-fired cogeneration plant, which produced steam and electricity unti...
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