LS POWER DROPS PLANS FOR NEVADA COAL PLANT

[kristopher]

LS POWER DROPS PLANS FOR NEVADA COAL PLANT

For the second time in less than a month, a major power company has scrubbed plans for a coal-fired electric plant in Nevada.

New York-based LS Power said Thursday it has indefinitely postponed construction of its 1,600-megawatt White Pine Energy Station near Ely because of poor economic conditions and "increasing regulatory uncertainties."

But LS Power will forge ahead with its Southwest Intertie Project, a 500-mile transmission line stretching from southern Idaho to Las Vegas. Construction on the transmission line could begin as early as the summer, and when it's complete, it will help move renewable energy generated in rural areas to the cities that need the power.

LS Power's announcement came on the same day that Senate Majority Leader Harry Reid of Nevada held a press conference to discuss laws that would encourage investments in renewable power....

http://www.lvrj.com/business/40836377.html

[MedioGringo]

1. "because of poor economic conditions and "increasing regulatory uncertainties."

...but mostly economic conditions. We just wanted to take a jab at Obama and give fuel to the republican anti-regulation anti-environmental fire.

[bananas]

2. Ah! That's in the sidebar on the page!

I almost wrote that you posted the wrong link,
but now I see it's in the sidebar,
the main story title is "Reid pushes bill to make renewable energy 'top national priority'"
which looks like a good article on its own!
Thanks for the great news!

[kristopher]

3. Did you note that it is NV's 2nd aborted coal plant "in less than a month"?

Must be in anticipation of all those new nu-cu-ler plants that McCain wants to build.