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OXBOW NAMES CONTRACTOR FOR CO-GENERATION PLANT

Oxbow Power Corp. Tuesday named Clark-Kenith of Bethesda, Md., as builder of the $64 million steam and electricity co-generation plant in North Tonawanda.

Meanwhile, Common Council President Thomas M. Jaccarino announced that the Council and Mayor Elizabeth C. Hoffman will meet in a workshop session next Tuesday to decide how much -- if any -- tax abatement for Oxbow the city can afford.

The Niagara County Industrial Development Agency has accepted Oxbow's application for $52 million in industrial-revenue bonding for the project. The IDA asked the city for its recommendation on tax abatement, although that decision is solely the IDA's.

Jaccarino also announced that the Common Council, with company officials, will hold a public hearing at a time to be announced between Jan. 8 and 15 on the overall Oxbow proposal.

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