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Non-Cattle Specific Topics
Every Thing Else Board
Maybe there is a credit crunch?
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<blockquote data-quote="john250" data-source="post: 608443" data-attributes="member: 4406"><p>The local coal burning generating station has a $460 million project putting in sulfur scrubbers and and an 875 foot stack. It has been fascinating to watch that stack go up.</p><p>Now, they are putting the project on hold. For at least 18 months. The stated reason is that borrowing to complete the project is too difficult. </p><p>I'm not sure I'm buying the official explanation. If a utility can't borrow money, who can? They say they borrow as they go along, about $100 million at a pop. </p><p>It all seems quite odd to me, but they've got 740 construction workers down there who are soon to be unemployed.</p></blockquote><p></p>
[QUOTE="john250, post: 608443, member: 4406"] The local coal burning generating station has a $460 million project putting in sulfur scrubbers and and an 875 foot stack. It has been fascinating to watch that stack go up. Now, they are putting the project on hold. For at least 18 months. The stated reason is that borrowing to complete the project is too difficult. I'm not sure I'm buying the official explanation. If a utility can't borrow money, who can? They say they borrow as they go along, about $100 million at a pop. It all seems quite odd to me, but they've got 740 construction workers down there who are soon to be unemployed. [/QUOTE]
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Maybe there is a credit crunch?
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