Amendment may aid Toledo's quest for energy
Under an amendment added to Ohio's just-passed state budget, the project could qualify for federal tax-exempt financing if it sells energy generated by the plant to a tax-exempt municipal utility rather than to FirstEnergy Corp.
"I don't know what their intent is, but from our perspective, their driver is to get to the lower interest rate," said Mark Shanahan, executive director of the Ohio Air Quality Development Authority. "The only way they can do that is to sell it to a muni.
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