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E-M:/ Dynegy rethinking coal plants, including Mid-Michigan coal plant



Friends:

 

At least one of the coal plant proposers in Michigan is having second thoughts about going forward:

 

Anne Woiwode, State Director

Sierra Club Michigan Chapter

(517) 484-2372

 

 

http://www.reuters.com/article/marketsNews/idUSN1140631120081211

 

Dynegy to rethink new coal-fired power projects

Thu Dec 11, 2008 6:55pm EST

 

HOUSTON, Dec 11 (Reuters) - Power producer Dynegy Inc (DYN.N: Quote, Profile, Research, Stock Buzz) is reevaluating its role in developing new power plants, including two coal-fired plants currently under construction in Texas and Arkansas, Chief Executive Bruce Williamson said.

 

Citing the high cost of capital and difficulty in permitting new coal-fired power plants, Williamson said the company wants to protect cash flow and avoid complex financial arrangements.

 

-SNIP-

 

A Dynegy spokesman confirmed six greenfield projects to be reassessed: the 1,600-MW White Pine coal plant in Nevada; the 750-MW Elk Run coal project in Iowa; the 750-MW Mid-Michigan coal plant, the 1,200-MW West Deptford gas-fired plant in New Jersey; the 1,200-MW Longleaf coal plant in Georgia; and a 665-MW expansion at Plum Point.

 

END