State Auditor Stacey Pickering demands Stion Corp., a solar panel maker which closed its Hattiesburg plant last year, pay nearly $93 million owed to state and local governments. Pickering said Tuesday it is the largest amount he has ever demanded a company repay.

Stion is the latest in a series of failed green energy companies that received loans and incentives from the state. The San Jose, Calif., company borrowed $74.8 million from Mississippi, failed to pay $2.1 million in reduced property taxes to Hattiesburg and Forrest County and owes $16 million in interest on the state loan and property tax payments, according to Pickering’s calculations.

Stion has 30 days to repay or face a civil lawsuit, Pickering said.

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State auditor demands solar panel company pay $93 million

by Mississippi Today, Mississippi Today
March 21, 2018

<h1>State auditor demands solar panel company pay $93 million</h1> <p class="byline">by Mississippi Today, Mississippi Today <br />March 21, 2018</p> <p class="speakable-p-1 p-text">State Auditor Stacey Pickering demands Stion Corp., a solar panel maker which closed its Hattiesburg plant last year, pay nearly $93 million owed to state and local governments. Pickering said Tuesday it is the largest amount he has ever demanded a company repay.</p> <p class="p-text">Stion is the latest in a series of failed green energy companies that received loans and incentives from the state. The San Jose, Calif., company borrowed $74.8 million from Mississippi, failed to pay $2.1 million in reduced property taxes to Hattiesburg and Forrest County and owes $16 million in interest on the state loan and property tax payments, according to Pickering's calculations.</p> <p class="p-text">Stion has 30 days to repay or face a civil lawsuit, Pickering said.</p> <p><a href="https://www.hattiesburgamerican.com/story/news/local/hattiesburg/2018/03/21/auditor-says-failed-solar-plant-stion-owes-mississippi-93-million/445555002/">Read the full story here.</a></p> <p>&nbsp;</p> <p>This <a target="_blank" href="https://mississippitoday.org/2018/03/21/state-auditor-demands-solar-panel-company-pay-93-million/">article</a> first appeared on <a target="_blank" href="https://mississippitoday.org">Mississippi Today</a> and is republished here under a Creative Commons license.<img id="republication-tracker-tool-source" src="https://mississippitoday.org/?republication-pixel=true&post=139314&ga=UA-75003810-1" style="max-width:200px"></p> Copy to Clipboard

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