Columbia Pipeline Group seeks tax alternative for compressor stations in several West Virginia counties
Sunday, February 7, 2016
Charleston-based Columbia Pipeline Group has asked several West Virginia county leaders about tax deals for two compressor stations for its proposed Mountaineer XPress Pipeline project, according to Charleston Gazette-Mail.
Columbia Pipeline Group has asked leaders of Doddridge, Calhoun and Jackson counties for payment in lieu of taxes (PILOT), which would allow the company to make annual payments instead of paying property taxes.
Although no deals have been made yet, PILOT agreements would generate less money for the local governments.
Via: Charleston Gazette-Mail > Pipeline builder seeking tax breaks; counties could benefit, too
More about Mountaineer XPress:
- Mountaineer XPress pipeline will transport Utica and Marcellus natural gas Sept. 28, 2015
- Columbia Pipeline Group to finish 15 projects by 2020 May 23, 2015
- NiSource, Columbia Pipeline Group outline post-separation performance outlooks May 14, 2015
- Transaction of former Columbia Gas Transmission assets in Ohio valued at approximately $59.2 million Feb. 12, 2015
- Pipeline project to benefit Ohio, W.Va. Aug. 18, 2014
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.