Rebecca Cuthbert

NRG may be down, but it's not out.

That was the message Wednesday when the New Jersey-based power company reacted to the news that Gov. Andrew Cuomo had called for a Public Service Commission investigation into NRG's decision not to repower its Dunkirk facility.

NRG Energy Inc. released a letter of intent Monday to slash its 2016 payment in lieu of taxes agreement by 85 percent to the city of Dunkirk, the Dunkirk School District and Chautauqua County - which will leave a $7,094,331.20 hole for 2017 alone with further reductions planned for years to come.