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Investment for windmill put on hold  

Credit:  By Tommy Conroy, The Journal Review, www.journalreview.com 13 December 2010 ~~

LINDEN – After a challenge from the state, any plans North Montgomery School Corporation may have had to invest in a wind turbine in a Tippecanoe County wind park have been put on hold.

At the November meeting, the school board discussed the possible investment which could produce more than $6 million during a 25-year period.

However, Business Manager Jim McBee said Monday that three things need to happen before any school can invest in a Performance Services turbine: Legislation must be passed during the next session which makes clear that schools are allowed to participate in such investments; the company must find land for a second wind park it is looking to develop; and the parties involved would need an extension on stimulus money.
(Subscribe to the Journal Review’s e-edition and read the entire newspaper online.)

Source:  By Tommy Conroy, The Journal Review, www.journalreview.com 13 December 2010

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

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