Cohocton Supervisor Jack Zigenfus was notified Monday about the changes with First Wind.
“They didn’t want the town to be alarmed,” he said. “They called me so I wouldn’t hear about it second-hand.”
The only change for the town will be in the insurance bonds regarding agreement with First Wind. Zigenfus said the insurance company will have to issue new bonds, worth $300,000, after the agreement between the companies.
Zigenfus pointed to First Wind depositing $100,000 in the town’s bank account Saturday as an example of business continuing as usual with the wind energy company.
The $100,000 is payment as part of a six-year road use agreement between the town and company. The agreement is now in its fifth year, said the supervisor.
Projects started and completed by First Wind that are transferring to the operating company include the Cohocton Wind and Steel Winds I in Lackawanna, as well as a project in Vermont and four projects in Maine, according to the release.
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