12-11-2007, 11:41 PM
Interesting indeed. As I read it. The funds have only helped 1 one resident and has only helped fund some monitoring equipment for a group.
These funds are intended to benefit the community adjacent to geothermal development and mitigate its impacts. PGV pays $50,000 annually to the Asset Fund, and a portion of PGV’s annual revenues goes to the Royalty Fund. The Asset Fund holds $1,863,620 as of January 2007. The Royalty Fund to date is about $2.2 million. To date, $14,202 has been granted for a resident’s claim and the maintenance of a community group’s emissions monitoring equipment.
$50,000 + each year could put at least 2 kids through college each year.
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Coming home soon!
Edited by - damon on 12/12/2007 03:44:45
These funds are intended to benefit the community adjacent to geothermal development and mitigate its impacts. PGV pays $50,000 annually to the Asset Fund, and a portion of PGV’s annual revenues goes to the Royalty Fund. The Asset Fund holds $1,863,620 as of January 2007. The Royalty Fund to date is about $2.2 million. To date, $14,202 has been granted for a resident’s claim and the maintenance of a community group’s emissions monitoring equipment.
$50,000 + each year could put at least 2 kids through college each year.
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Coming home soon!
Edited by - damon on 12/12/2007 03:44:45