The Tennessee Valley Authority has agreed to pay Anderson County $24,000 a year to offset the loss of property tax revenues on land recently purchased by the utility for the eventual expansion of its coal ash storage facility around the Bull Run Steam Plant in Claxton, according to WYSH Radio in Clinton.
The payment-in-lieu-of-taxes will offset the loss of some 155 acres and 24 homes that TVA purchased earlier this year, WYSH said.
The landfill expansion is not expected to begin for several years, but it is required because the utility expects to run out of storage room within the next few years at Bull Run, the radio station said.
This story brought to you through an agreement between Oak Ridge Today and WYSH. See more local news headlines on the WYSH website at http://www.wyshradio.com/local_news.html.