In the News
By: Jonnelle Marte, Washington Post
May 30, 2016
One of the nation’s largest multi-employer pension funds said that it is out of ideas for ways to save itself from an impending failure.
After the Treasury Department rejected its Hail Mary proposal, which would have substantially cut benefits for some retirees, the Central States Pension Fund has little choice but to turn to a federal insurance program that is supposed to offer a lifeline to troubled pension funds.
But there’s one major problem — that program is expected to run out of money, too.
By: Associated Press
May 28, 2016
Officials say a planned wind-farm project in Lake Erie has received a $40 million federal grant for construction costs.
Democratic U.S. Rep. Marcy Kaptur of Toledo and other officials announced Friday that Lake Erie Energy Development Corp. will receive the U.S. Department of Energy money over the next three years.
By: M.L. Schultze, WKSU
Friday, May 27, 2016
By: Associated Press
Friday, May 27, 2016
Officials say a planned wind-farm project in Lake Erie has received a $40 million federal grant for construction costs.
Democratic U.S. Rep. Marcy Kaptur of Toledo and other officials announced Friday that Lake Erie Energy Development Corp. will receive the U.S. Department of Energy money over the next three years.
By: WKYC
May 27, 2016
The U.S. Department of Energy announced that Lake Erie Energy Development Corporation (LEEDCo) has been awarded $40 million in grant funding for the offshore "wind farm" wind turbine project in Lake Erie.
LEEDCo is a non-profit organization working to build an offshore wind power industry in Northeast Ohio for clean energy and good jobs
By: John Funk, The Plain Dealer
May 27, 2016
The U.S. Department of Energy is awarding $40 million to the Lake Erie Energy Development Corp. to build a six-turbine pilot wind farm in Lake Erie by the end of 2018.
The award caps a 10-year struggle that began as an idea in the mind of Cleveland Foundation President and CEO Ronn Richard upon his arrival in Cleveland.
The money will be delivered in three $13.3 million grants, provided LEEDCo. continues to meet engineering, permitting and construction goals set by the DOE.