Lockport Union-Sun & Journal Online

Local News

June 22, 2012

AES back online

SOMERSET —  

There’s life in this town after AES. In fact, there’s life at the AES site.
Smoke began billowing from the coal-burning power plant again Thursday while about 20 residents heard a presentation from   the Niagara County  Department for Economic Development.
“The plant is spewing a bit of smoke,” a surprised Supervisor Dan Engert said after the meeting. “They went online earlier   today.... I don’t know for how long, but it’s a welcome sight for the workers and the residents in Somerset!”
AES, the county’s largest taxpayer, declared bankruptcy in December and has been off-line. Bondholders who own the plant on   Lake Ontario are working out legal wrinkles for the new company Engert refers to as “Newco.”
“AES is working through the final stages of the closing process,” Engert said. “Once that property is closed on, and in the   hands of the bondholders, they’re fully expecting to go back up on line. They’re gearing up to do that. The new company hopes   (the real estate transaction will be) closed at the end of month. That’s the target.”
The bondholders and Somerset are working to make the property “shovel ready” and are in the process of applying for that state   status.
Meanwhile, Samuel M. Ferraro, the executive director of the Niagara County Industrial Development Agency the commissioner   of the NCDEC, led his team in a two-hour give-and-take with stakeholders at the town hall.
Susan Langdon, the director of project development; Michael Casale, the deputy commissioner of Business Development; Andrea   Klyczek, the director of marketing and Amy E. Fisk, senior planner explained what the county can do to help the town realize   its potential under a new master plan.
They addressed what can be done in Somerset and the county’s role.
While Verizon, which left town after legal delays, is out of the picture, for now, smaller plans could build the town’s new economy.
Chuck Ferree, who works at Mayer Bros., is looking to start a business. “I didn’t know where to turn next. I have an idea,   a basic dream what I want to do and I didn’t know where to go,” he said. “These people will be great contacts for me.”
Jim Dickenson, who sold the property to make room for JT Precision Enterprises on Haight Road, would like to sell the adjacent   property so JT can expand.
“I thought they did a very nice job,” Dickenson said of ED. “I own property over here. Thats why I was at the meeting. I rent   to farmer, but I’d like to see it developed one day, that’s why I was interested.” 
Ferraro emphasized the great competition in the state, the country and internationally to draw business. Is there competition   within the county?
“We respect the postion of every municipality in Niagara County,” Ferraro answered.  “It’s important that the entire county,   from an economic development standpoint, is marketed. We market all the assets of Niagara County, every munciaplity is unique   as to what it can bring to the table and want to everybody know we’re going to market Somerset and the rest of Niagara County.”
As to Verizon, Ferraro said, “We would love to have them come back again. Obviously it’s open.”
Engert said, “We know that it’s a good fit, both climate wise and in terms of location.”

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