I too sad about the jobs to gloat that I warned the County Commission and School Board. Sent from Yahoo! Mail on Android |
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 |