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A win for the environment in Corpus Christi!
Las Brisas project haltedCompany financing the project is going out of business
CORPUS CHRISTI — The Las Brisas Power plant project came to an abrupt and perhaps permanent halt with the announcement that the company financing the project is going out of business.
Houston-based Chase Power, LLC CEO Dave Freysinger on Wednesday afternoon confirmed plans to cease operations, effectively orphaning the $3 billion coke-fueled electricity project that since its inception has faced an uphill battle in its quest for the necessary regulatory approvals.
"Chase Power ... has opted to suspend efforts to further permit the facility and is seeking alternative investors as part of a plan of dissolution for the parent company," Freysinger said in a statement emailed to the Caller-Times.
http://www.caller.com/news/2013/jan/23/las-brisas-project-halted/
3 replies
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= new reply since forum marked as read
Ding dong Las Brisas' dead. Ding dong the wicked plant is dead!
