ECONOMIC BENEFITS/COMMUNITY CLIEC provides several major economic benefits toil and to the communities surrounding the project: Because CLIEC is so efficient, the plant will save LIPA over $2 billion dollars in fuel expenditures over its lifetime as compared to what LIPA would have spent to generate the same amount of electricity in older baseload plants. Over the life of the project, CLIEC will pay over $189 Million in local property taxes. Roughly two-thirds of that will go to the local school district. CLIEC is located in a New York State empire zone. As a qualified empire zone enterprise it receives a refund from New York State covering the local property taxes that it pays for the first ten years. CLIEC does not retain this tax credit. Instead it turns it over to LIPA. As a consequence, LIPA’s ratepayers will receive about $80 million which will help mitigate electric rates. Caithness Receives Clean Energy Award from Vision Long Island. Seen left to right are: Ron Stein, President, Vision Long Island; Ross D. Ain, President, Caithness Long Island; Connie Kepert, Brookhaven Town Councilwoman and Eric Alexander, Executive Director, Vision Long Island. Enhancing the Community with Jobs and Locally Produced Energy. Caithness contributes $25,000 annually to a college scholarship program that goes to students selected by the Longwood, Patchogue-Medford and South Country Central School Districts. The scholarships were established to promote standards of excellence and provide diverse educational opportunities for local students interested in science, engineering or environmental studies. Caithness has also initiated a twice yearly, six-week long internship program for students in these high schools. In addition, Caithness supports youth sports programs and local community and environmental groups. Current News Caithness Awards $25,000 in Scholarships to 26 Long Island High School Seniors July 29, 2021 Caithness Awards $25,000 in Scholarships to 26 Long […] Caithness Awards $25,000 in Scholarships to 28 Area Long Island High School Students June 18, 2019 Caithness Awards $25,000 in Scholarships to 28 Area […] Brookhaven Allows Company to Pursue Plan for New Caithness Power Plant July 16, 2018 SOURCE: Newsday AUTHOR: Carl MacGowan DATE: July 13, […] Caithness Awards $25,000 in Scholarships to 26 Area High School Students June 28, 2018 The Caithness Long Island Energy Center Scholarship […] Caithness Awards $25,000 in Scholarships to 22 Area High School Students June 16, 2017 The Caithness Long Island Energy Center Scholarship […] WHO WE ARE Caithness Energy, L.L.C. ("Caithness") is a privately-held Independent Power Producer specializing in the development, acquisition, operation and management of renewable energy and natural gas projects. OUR ADDRESS c/o Caithness Services LLC 565 Fifth Avenue 29th Floor New York, NY 10017 CONTACT US Office: 212-921-9099 Fax: 212-921-9239 info@caithnessenergy.com MEDIA Don Miller (516) 330-1647 Copyright © 2021 Caithness Long Island