JAY – The Board of Assessment Review took no action regarding Androscoggin Energy LLC at its meeting Wednesday.

The power plant is appealing the town’s denial of a reduction of the value of the power plant in 2004-05 and 2005-06. Selectmen denied the abatement request by default by taking no action in a set period.

On Wednesday, town attorney Michael Gentile said the board could take no action because the company had not paid its 2005 taxes. Androscoggin Energy has a bankruptcy hearing on Monday, and Gentile said the court might order the company to pay then.

“The law requires the board to suspend proceedings until such time that they pay,” Gentile said.

The company wants the value of its real estate – land and buildings – reduced from $7.8 million in 2004-05 and $8.5 million in 2005-06 to nothing. It also wants its personal property value – machinery, equipment and furniture – cut from $106.8 million in 2004-05 and $108.7 million in 2005-06 to $10 million each year.

Taxes on the reduction, if approved, total about $3.7 million.

Androscoggin Energy was jointly owned by Wisvest Corp. with 66.7 percent, Calpine Corp. with 32.3 percent and International Paper with 1 percent prior to March when ownership of the plant was transferred in a deal reached in bankruptcy court in February to IP in Jay to settle $90 million in claims IP had against the company. IP had won a breach of service contract in a federal jury trial among other claims in bankruptcy court.