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Genesee Gateway Local Development Corporation Audit & Finance Committee Meeting Minutes February 2026

Plug Power Payment Overdue Under Cost Benefit Agreement

$900,000 plus late feesGenesee CountyPLUG POWERFebruary 5, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Plug Power has an outstanding Cost Benefit Agreement payment of $900,000, now overdue, with additional late fees recorded as income for GGLDC. Receivable total is $1.6 million at year-end 2025.

Contract Details

Contract Amount

$900,000 plus late fees

Vendor

PLUG POWER

Agency

Genesee County, NY

Contract Type

OTHER

Document Date

February 5, 2026

Renewal Info

Payments due per schedule; currently overdue; continues through agreement’s duration.

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