[WASHINGTONEXAMINER] Chase Power, the parent company behind the $3 billion Las Brisas coal power plant in Corpus Christi, Texas, announced yesterday that it was cancelling the project.
"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," Chase CEO Dave Freysinger told the Corpus Christi Caller-Times.
Freysinger made it very clear who was responsible for the projects death. "The (Las Brisas Energy Center) is a victim of EPA's concerted effort to stifle solid-fuel energy facilities in the U.S., including EPA's carbon-permitting requirements and EPA's New Source Performance Standards for new power plants," he said. |