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.
Well, it's not people didn't raise the alarm about this exact issue before construction even began. And, as warned, Mon County taxpayers will be left holding the bag. This has occurred at other merchant plants during the past decade.
Julieann