On 8/8/2013 9:31 PM, Andrew Liebhold wrote:
Surprisingly (OK, maybe it's not surprising!), the local
newspaper has not reported that Longview Power has been in an
increasingly tight financial squeeze in part due to operational
problems at the power plant (apparently they have a serious boiler leak
among other problems) and also in part due to the low market prices for
electrical power. I'm attaching a recent article from a trade journal
that reports on their woes, indicating that they are likely to file for
a "package bankruptcy" this fall. I have several other articles that
have appeared earlier about Longview's growing financial troubles and
could send them to anybody who is interested.
Too embarrassed, perhaps? Fox Business News has the article verbatim:
http://www.foxbusiness.com/news/2013/08/30/power-company-longview-seeks-bankruptcy-blames-siemens/.
The Dunkard Creek Facebook page does as well. GenPower has a long track
record of similar financial problems in the midwest. Longview was the
first ever power plant project it completed. Is suspect that the
Lauritas and the taxpayers of West Virginia will be left holding the
bag on this one.
Julieann Wozniak