Bids come in to convert IP’s Franklin mill to energy plant

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Bids come in to convert IP’s Franklin mill to energy plant

April 22, 2010 - 08:19
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WAKEFIELD, VA, April 22, 2010 (Tidewater News ) -Former Democratic gubernatorial candidate Terry McAuliffe said Wednesday his consortium is one of "a couple" of final bidders to purchase facilities at the International Paper Co. mill in Franklin.

"They've narrowed it down to a couple of bidders and I'm one of them," McAuliffe said at the Shad Planking festivities in Wakefield. "We'll see what happens. The good news is that the paper mill will stay in existence as a new type of energy entity."

McAuliffe and a group of investors including Peter O'Keefe, a longtime political ally, reportedly have made an offer to purchase some or all of the infrastructure at the mill to convert it into a biomass energy power plant.

Tidewater News - McAuliffe among final bidders for mill