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Galena Park ISD agrees to consider tax‑limitation deal for NRG Greens Bayou 6 LLC project after public hearing
Summary
After a public hearing on Aug. 11, Galena Park ISD trustees voted 7–0 to agree to enter an agreement, subject to final terms, with NRG Greens Bayou 6 LLC under a JEDI tax‑limitation application for a utility generation project the presentation identified as Electric Fruit Generation.
Galena Park Independent School District trustees on Aug. 11 voted unanimously to declare the district "agreeable to entering an agreement" with NRG Greens Bayou 6 LLC after a statutorily required public hearing on the company's JEDI (Jobs and Economic Development Impact) application.
Ben Poppe, the district's chief financial officer, presented the application during the hearing and summarized how the JEDI incentive would apply. He said the program provides a 10‑year limitation on maintenance‑and‑operations (M&O) ad valorem taxes for qualifying property and explained that "it would be 50% of the market value" for the taxable value during the incentive period. Poppe…
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