LS Power withdraws Texas plant

September 18th, 2009

Remember LS Power, the ones who have the harebrained idea of building an 855MW gas plant next to the Chisago substation?  They may think that calling it Sunrise River Energy makes it less odius!  Well, LS Power is starting to see the light, and let’s hope this idea of withdrawing the project spreads northward!

Power plant pulls plug on project

“Hell yeah, I’m happy,” Prater said, adding that it wasn’t just activism that stopped the plant. “Everything came into play — the economy, the Obama administration, the EPA’s attitude towards Texas, the TCEQ, everything came together at exactly the right time.”

And from LS Power, the LS Power spin:

“This was purely a business decision,” he said. “The economic downturn pushed out the need for this plant for at least a few more years. In addition to that, the PUC late last year approved a $5 million transmission line build-out from the Panhandle and West Texas to cities like D-FW, and our market analysis shows that’s decreasing power prices going forward.”

Well, DUH!

LS Power won’t build Navarro County Power Plant

LS Power cancels plans to build power plant in Navarro County

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