FINANCE

Shutting power station will cost authority £1m a year

The closure of a coal-fired power station is expected to cost Cannock Chase DC around a £1m a year in lost business rates, according to its finance chief.

By Jamie Hailstone | 16 February 2016

The closure of a coal-fired power station is expected to cost Cannock Chase DC around a £1m a year in lost business rates, according to its finance chief.

ENGIE, the company behind the Rugeley Power Station in Staffordshire, announced plans last week to close the site in the summer after a ‘deterioration in market conditions'.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Frugal authorities may be left exposed to more cuts
  4. Turning challenges into opportunities
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