One piece of information that has not been shared in their press releases is exactly what technical problems they are having with the plant.  I understand that they have a problem with a leak in the boiler and noticed a leak detection service is one of their debtors. I also noticed that the entire plant was shut down a few months ago. I'm also wondering if they are having problems with the overland conveyor. When I've driven by it, it has always seemed like it is not working and they seem to be running coal trucks to and from the 4-West mine? According to one of the news articles, the plant is running under-capacity and not reliably enough to sell electricity on long-term contracts.  Makes you wonder if there has been some mis-management somewhere?


On Sat, Aug 31, 2013 at 4:35 PM, Betty Wiley <betty.w304@gmail.com> wrote:
I get the impression they will keep operating under bankruptcy, so jobs will still be there??????


On Sat, Aug 31, 2013 at 12:31 PM, Cindy Frich <cindyfrich@yahoo.com> wrote:

I too sad about the jobs to gloat that I warned the County Commission and School Board.


Sent from Yahoo! Mail on Android


From: Julieann F. Wozniak <jwozniak@windstream.net>;
To: Andrew Liebhold <aliebhold@gmail.com>;
Cc: <MVCAC@osenergy.org>;
Subject: Re: [MVCAC] Longview Power is likely to declare bankruptcy
Sent: Fri, Aug 30, 2013 7:54:50 PM

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

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