Company financing Las Brisas coal-fired power project to cease operations

Plans to construct a coal-fueled power plant on the Texas Gulf Coast have been halted, according to the chief executive officer of the company financing the project.

Dave Freysinger, CEO of Chase Power LLC, a Houston company, said in a statement to the Corpus Christi Caller-Times that operations will cease on the $3 billion Las Brisas Power plant project and that Chase Power LLC will be dissolving.

“Chase Power … has opted to suspend efforts to further permit the facility and is seeking alternative investors as part of a plan of dissolution for the parent company,” Freysinger said in the statement.

The proposed power plant would have been located on the north side of the Port of Corpus Christi’s Inner Harbor and would have produced 1,320 gross megawatts of power, according to the Las Brisas Energy Center website.

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