Houston company pulls out of (Nevada) coal-powered plant project

[jpak]

http://www.lvrj.com/business/37036324.html

A key backer for one of three coal-fired power projects in Nevada announced Friday that it was ending its participation in the project.

Dynegy Inc. of Houston said that it and LS Power Associates of East Brunswick, N.J., are dissolving their development joint venture for the Nevada generation plant and other new projects.

The joint venture was developing the 1,600-megawatt White Pine Energy Station near Ely and the Southwest Intertie Project, a transmission line that could provide the first direct connection between electric utilities in Southern Nevada and Northern Nevada.

LS Power will acquire full ownership and development rights for the White Pine project, the transmission line and new developments in four other states as a result of the dissolution.

<more>

[quidam56]

1. BUSHED ! Third World Appalachia, USA

Wise County, Virginia can't stand anymore of the Bush Legacy of prosperity and peace. http://www.wisecountyissues.com We are being bombed, blasted and bulldozed right into Third World America.