Home  »  Economy  »  Obama EPA Kills Power Plant, 3,900 Jobs In Texas


Jan 26, 2013 Comments Off Infidel

Excerpted from Beltway Confidential: 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.

The Las Brisas power plant had been part of a larger Las Brisas Energy Center project planned for Corpus Christi’s Inner Harbor. Economists had projected that in the first 5 years of construction and operation the project would create as 1,300 direct and 2,600 indirect jobs. Now none of those jobs will exist.

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H/T The Intern