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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Dave Freysinger
Mr. Freysinger said that although financial conditions played a role in the decision, the project was the victim of an insurmountable regulatory framework erected by the EPA.
"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 said in a statement to the Corpus Christi Caller-Times.