Want to know what a John Deer tractor looks like? But not everything here is antique. A few years ago, much to his chagrin, Cervenka got a brand new coal-fired power plant as a neighbor, right next door to his ranch. The Sandy Creek Power Station was set to produce megawatts of electricity for this energy hungry state, enough to power an estimated , homes.
The chimney from the plant rises feet in the air, higher than the Taj Mahal. Cervenka opposed it, but in the end he watched from his field as it was built, and watched as plumes of steam and smoke first rose from it last fall. And then one day, all of a sudden, it quit.
A Guide to the Texas Blackouts. Rumors are floating around Riesel like particulate emissions. According to a press release from Standard and Poor's, on October 17, , during start-up testing, "a number of tubes overheated that badly damaged the boiler. The plant was expected to come online in Spring If the plant is not operating by July , groups that have signed long-term contracts for power can terminate the agreements. On July 10, , the Wall Street Journal reported that owners of the Sandy Creek Energy Station were in talks with lenders about a possible restructuring of its debt, which could include filing for bankruptcy.
The move came after the company said it cannot repay a loan that is coming due in November of In August , a financing agreement for the project was closed. Then, in September , additional banks joined the financing agreement. In November , a refinancing agreement for the project was closed.
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