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Northern District Public Service Commissioner Brandon Presley approved construction of a 4-County Electric Power Association, which will provide service to the Yokohama Tire manufacturing plant under construction in Clay County.
Presley said in a press release that the facility, known as the Triathlon Substation is crucial to the economic growth that will come to the Golden Triangle with the Yokohama Tire plant.
â€śMy goal is always to ensure that Mississippi has the best infrastructure to attract jobs and grow our economy whenever the ultimate beneficiary is the public and utility customers,â€ť Presley said.
Presley conditioned his approval on the filing of a â€śKeep Whole Agreementâ€ť between 4-County and Yokohama which will ensure that 4-countyâ€™s ratepayers wonâ€™t be held responsible for the cost of the substation should any unforeseen circumstance prevent the building of the tire plant.
The substationâ€™s cost will be $2.3 million and construction will begin sometime in mid to late March. It is scheduled to be completed and operational by July 1.
The Yokohama Tire Manufacturing plant is expected to be operational by October 2015. The $500 million, four-phase project could bring an estimated 500 jobs to Clay County per phase.