RUMFORD FALLS TIMES • February 22, 2021
Rumford Power has requested an extension to its TIF, which expires in March. The TIF was approved in 1997. The gas-fired plant generates electricity for the regional power grid through an interconnection with Central Maine Power Co. By law, a TIF can go for 30 years so Cogentrix Energy Management has requested an extension for the remaining years allowed. Town Manager Stacy Carter said acceptance will continue substantial economic benefits for the town and its residents. This includes employment, broadened and improved tax base and economic stimulus.