Oct 1, 2009 7:51 PM by David Ortiviz
Black Hills Energy has announced plans to build a multi-million dollar power plant in Pueblo.
However, the project is still in negotiations.
The plant could cost between $425 to $515 million. It would be located near the airport in Pueblo's industrial park.
Black Hills Energy says the project could bring about 200 construction jobs and more than a dozen permanent jobs to Pueblo. "It will provide economic development opportunities, employment opportunities for our community, as well as providing a tax base going forward," said Gary Stone, Vice President of Operations for Black Hills Energy Colorado Electric. The company estimates the plant could boost tax revenues for Pueblo by about $500,000 a year.
News First 5 asked Stone if the project would raise rates for customers. "That still has to be determined," said Stone. "What I can tell you is that it will provide the lowest cost option, so if they do increase, it will be to the minimum amount necessary," he added.
"The overall benefit for our customer is that we're making an investment today for many years to come," said Stone. "We're investing in state-of-the-art technology, that has environmentally friendly emissions with it and the customers here will benefit from that long-term investment."