from the Charleston Daily Mail : http://www.dailymail.com/Business/200903220265
(Please click on the link above if the story below has a bunch of gibberish in it. Sometimes cutting and pasting doesn't work well in e mails. -Pjh)
Monday March 23, 2009 State approves more power plant bonds
Longview factory is one of largest private investments in W.Va. history by George Hohmann Daily Mail Business Editor
CHARLESTON, W.Va. -- The state Economic Development Authority has given preliminary approval to a $45 million tax-free bond issue to help finance the Longview power plant under construction at Maidsville, near Morgantown.
The allocation, approved Thursday, is the latest of several approved for the plant. The authority said in April 2007 that it would issue up to $600 million in bonds to help finance the $1.83 billion project.
In November 2007 the authority approved a $17.2 million bond issue. A $43.3 million bond issue was approved last July and a $40.8 million bond issue was approved in December. Longview is one of the largest private investments in the history of West Virginia. It is the first coal-fired plant to be built in the state since 1993. Ground for the 695-megawatt plant was broken in May 2007. It is scheduled to begin producing power next year.
Also during its regular monthly meeting, the authority agreed to buy 32 acres in The Highlands business park, east of Wheeling, for $5 million from the Ohio County Development Authority. .... (see full story for the rest)
Contact writer George Hohmann at http://www.dailymail.com/Business/contact/ohfvarff+qnvylznvy+pbz+return=/Business/200903220265busin...@dailymail.com or 304-348-4836.