Over 30,000 Mississippians get stories like this delivered to their inboxes for free.
Sign up for The Today, our daily newsletter, and continue to read this story.
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.