The town has one more year left of a five-year payment-in-lieu-of-taxes (PILOT) agreement

LITTLETON — The town has one more year left of a five-year payment-in-lieu-of-taxes (PILOT) agreement for the Moore hydroelectric station and dam. Soon, it’s back to the drawing board, and town officials will have to weigh the pros and cons of another PILOT for the dam’s new owner, Hydro-Quebec, or reverting to standard property taxation. To prepare, the Littleton Select Board is laying the groundwork now and is having its utility appraiser begin to assess the current valuation of the dam, whose previous owner had been ArcLight Capital Partners, a Massachusetts-based private equity firm, which formed Great River Hydro LLC for the acquisition.