'Your papers, please' must never be heard in America
Environmental Protection Agency regulations are snuffing out another power plant, Chase Power announced Wednesday, killing its $3 billion Corpus Christi, Texas, coal project and 3,900 prospective jobs.
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.
