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Las Brisas Energy Center Parent Company Going Out of Business
Posted: Jan 23, 2013 3:53 PM by Ben Lloyd - blloyd@kristv.com
Updated: Jan 23, 2013 5:50 PM
CORPUS CHRISTI - The parent company of the proposed Las Brisas Energy Center in Corpus Christi has stopped efforts seeking permits for the petroleum coke-fired power plant as it goes out of business.
In a statement emailed this afternoon, a representative of Chase Power Development, LLC, says the company will look for other investors in the project.
CEO Dave Freysinger wrote, "While market conditions played a role, the direct regulatory obstacles purposefully erected by the US Environmental Protection Agency (EPA) resulted in the decision to suspend development of the plant."
In July, a Travis County judge threw out the air permit for the project issued by the Texas Commission on Environmental Quality. Environmental groups fought the proposal since the first announcement of the development in 2008.
Supporters of Las Brisas argued the plant would inject billions of dollars and add much needed jobs into the local economy. The proposed site was on the north side of the Corpus Christi Ship Channel.
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