Search
 

City Wants Perks in Exchange for Okaying Power Plant

HAYWARD, CA -Officials here say they'll consider approving the Calpine Corporation and Bechtel Enterprises' proposed $400-million power plant, if they're assured benefits in return.

By Allison Landa | Updated on February 08, 2001

HAYWARD, CA-Officials in Hayward, CA haven’t decided yet if they want a power plant in their backyard. But they say that if they are to play host to it, they want a share of the rewards.

Earlier this week, San Jose, CA-based power provider Calpine Corporation and San Francisco-based developer Bechtel Enterprises proposed building the new $400-million Russell City Energy Center on a 14-acre patch, near the existing sewage treatment plant in West Hayward. The plant would sit near Enterprise Avenue and power up to 600,000 homes, according to Calpine and Bechtel. If approved, the developers say they can have the plant up and running in three years–an idea backed heavily by Gov. Gray Davis. Davis on Thursday said he wanted emergency-measure power plants in operation statewide by summer in order to keep the juice flowing, even during times of crisis.

Hayward leaders say, however, that they will only consider Calpine and Bechtel’s proposal if the duo will assure the city an entire slate of benefits in return. Those include more than $15 million for a new main library, 20 full-time jobs at the plant for local residents and discounted power rates for the city. City officials also want $1 million for area youth and social services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.