This story appeared in the Chas. Gazette (click below for link):
Feds pull out of
Greenbrier
power plant project
Charleston Gazette -
Charleston,WV,USA
Federal officials have quietly pulled the plug on funding for
construction of the proposed Western Greenbrier Co-Generation
plant.
...
.....................................
I checked the Dept of Energy's Fact Sheet
http://www.netl.doe.gov/publications/factsheets/project/Proj223.pdf
and it says at the bottom of page 2, "Status: The Western
Greenbrier Cogeneration Project was discontinued on June 14,
2008."
The Gazette implies things were a bit weird. It says,
- "DOE dropped the project in mid-June, less than two months after
they formally approved a loan of up to $107.5 million, according to
federal records.
- The DOE action also came just a month after developers had obtained
private funding to help complete a critical engineering report for other
private financiers.
- DOE had never publicly announced the move, but agency officials
confirmed the action in an e-mail statement Wednesday."
The story goes on to say,
- "Wayne Brown, a spokesman for Western Greenbrier, said that a
reporter's phone call was the first he heard of the DOE decision.
- "Well, that's news to me," Brown said. He added that the
project's future seemed dim, given the lack of DOE money."
Toward the end the story says,
- "Earlier this year, one local bank refused to continue extending
payback dates for Western Greenbrier, and the state EDA [West Virginia
Economic Development Authority] had to pay the $3 million of the loan it
guaranteed, said David Warner, director of the EDA."
So I guess that puts the State on the hook for $3 million.