Loss of power plant to cost millions
This week's announcement that American Municipal Power of Ohio has pulled the plug on its multibillion-dollar coal-fired power plant in Letart Falls caught Meigs County Economic Development Director Perry Varnadoe by surprise. "This was a very unexpected turn of events," Varnadoe said. "We were extremely disappointed - this would have been a great economic engine for all of southeastern Ohio." In a statement issued Wednesday, officials with the Columbus-based, nonprofit AMP Ohio company said the much-touted Meigs plant project had been scrapped after learning construction costs had jumped from $3.3 billion to $4 billion. "We're owned by our members and...
Original Article: Forum: News/Activism
Tags: American Municipal Power, Amp, Coal Fired Power, Coal Fired Power Plant, Coal Power, Construction Costs, County Economic Development, Economic Development Director, Economic Engine, Multibillion Dollar, Southeastern Ohio, Surprise, Unexpected Turn