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 &lt;a target=&quot;_blank&quot; href=&quot;https://mississippitoday.org/2018/03/21/state-auditor-demands-solar-panel-company-pay-93-million/&quot;&gt;article&lt;/a&gt; first appeared on &lt;a target=&quot;_blank&quot; href=&quot;https://mississippitoday.org&quot;&gt;Mississippi Today&lt;/a&gt; and is republished here under a Creative Commons license.&lt;img src=&quot;https://cdn.mississippitoday.org/wp-content/uploads/2024/01/06074517/MT_icon-logo-favicon-1-200x200.png&quot; style=&quot;width:1em;height:1em;margin-left:10px;&quot;&gt;&lt;img id=&quot;republication-tracker-tool-source&quot; src=&quot;https://mississippitoday.org/?republication-pixel=true&amp;post=139314&amp;amp;ga4=G-VSX4B701MS&quot; style=&quot;width:1px;height:1px;&quot;&gt;&lt;script&gt; PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: &quot;https://mississippitoday.org/2018/03/21/state-auditor-demands-solar-panel-company-pay-93-million/&quot;, urlref: window.location.href }); } } &lt;/script&gt; &lt;script id=&quot;parsely-cfg&quot; src=&quot;//cdn.parsely.com/keys/mississippitoday.org/p.js&quot;&gt;&lt;/script&gt;</p> Copy to Clipboard

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