Harrison County Power plant moving forward
Tuesday, July 10, 2018
The Ohio Power Siting Board gave Harrison Power LLC permission to construct a 1,050-megawatt natural gas-fired, combined-cycle electric generation power plant in Cadiz, Ohio, according to the Farm and Dairy.
The power plant will sit in a 90-acre parcel within Cadiz Industrial Park and will interconnect to the regional electric transmission grid through a 138-Kilovolt transmission line to AEP Ohio Transmission Company’s nearby Nottingham Substation.
The company is hopeful to begin construction on the project in October but must secure an investor first.
Learn more: Farm and Dairy > New power plant approved in Harrison County
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.