Houston-based Dynegy Corporation is dropping its support for a controversial coal-fired power plant in Southwest Georgia.
Dynegy officials say they're pulling out of the Longleaf power station project near Blakeley because of the poor economy and the possibility of tighter federal regulations.
Environmental groups are thrilled. The project ground to a halt last year amid a flurry of lawsuits over pollution controls.
Jennette Gayer of Environment Georgia says the project doesn't stand a chance now that one of its two backers has pulled out:
"It's very exciting that Dynegy cancelled their plans to build a large coal plant in early county. It's clear that Georgia has the technology, know how to provide energy without a polluting coal plant, so it's very nice to see an energy company reacting to that reality."Officials for the company that owns the project remain optimistic, however.
New Jersey-based LS Power hopes an appeal of the court ruling this month will get the project restarted by this summer.
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