LS Power pulls plans for Elk Run Energy Station - KWWL - Eastern Iowa Breaking News, Weather, Closings

LS Power pulls plans for Elk Run Energy Station

WATERLOO (KWWL) -- Elk Run Energy, an affiliate of LS Power, announced Tuesday it will not go ahead with plans for an energy station in Waterloo.

The company says a slowing economy is causing a slowing load growth in the area and LS Power has "more advanced projects under development in the region that could servce the same need."

Watch for updates on this developing story tonight on Iowa's NewsChannel 7 at 5,6 & 10.

Here is the official compant news release:


WATERLOO, IOWA (January 6, 2009) - LS Power affiliate, Elk Run Energy Associates, LLC, announced today that it will forego further development of the Elk Run Energy Station in Waterloo, Iowa.

Given the slowing load growth in the region due to the current downturn in the U.S. economy, and the fact that LS Power has more advanced projects under development in the region that could serve the same need, the Company will redirect its development efforts to other projects.

"Elk Run Energy has been a proud member of the Greater Cedar Valley community, and appreciates the unwavering support of so many individuals and organizations throughout the development process," said Mark Milburn, Assistant Vice President of LS Power.     

LS Power continues to develop a portfolio of coal, natural gas, wind and solar generation facilities and transmission projects with ongoing development activities in Arkansas, Arizona, Georgia, Michigan, Nevada, New Jersey, Texas, Virginia and other locations.

About LS Power     

         LS Power is a fully integrated development, investment and asset management group with a proven track record of successful development activities, operations management and commercial execution. LS Power has successfully developed gas-fired facilities and coal-fired facilities, representing more than 7,000 megawatts of total capacity. The company currently owns and is developing a diverse mix of electrical transmission facilities and power generation facilities fueled by natural gas, coal and renewable resources, including wind and solar. More information is available at

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