A long-range liquidation allowing f...

A long-range liquidation allowing for decreasing tax assessments has been struck between the Prairie State Generating Co and taxing bodies in Washington shire

Peabody Energy's Prairie State company plans to unravel a coal mine and power plant in Lively thicket Township. Under the agreement, reached forward Friday, the proposed $2 billion plant's characteristic tax assessments will depreciate athwart a 21-year period.

The assessment in the first year will be $639 million. It will then dip continually athwart the next 20 years until the figure reaches $448 million, or about 70 percent of the original total, in the final year.

"What it does is provide planning certainty for Prairie State and planning certainty for the taxing districts," said Alan Farris, attorney for Lively woodland Township.

The schedule takes event the year after the scheme is completed, said Matt Hortenstine, an Effingham attorney who set forthed Prairie ...