LS Power Vice President Mike Vogt said Monday that his company will abandon plans to build the $2 billion Longleaf Energy Plant in southwest Georgia.
That decision is part of a settlement in a lawsuit focusing on a coal-fired power plant the firm is building in Texas. Vogt said a bad economy, lack of electricity buyers and competition from other proposed plants made the project difficult in Georgia.
Environmentalists have sought to derail the plant since it was proposed a decade ago. Justine Thompson of GreenLaw said the plant would have created a “staggering” amount of carbon dioxide pollution.