Victorville may sell power plant to Chinese
VICTORVILLE, CALIFORNIA - The city of Victorville owes $126 million for a stalled power plant it hoped to build and now wants to recoup some money by selling the plant to a Chinese government-owned power company.
The city has tried unsuccessfully to sell off the plant's turbines to Venezuela. The Chinese company has indicated it may buy the whole plant.
Mayor Rudy Cabriales signed an agreement with turbine builder General Electric giving the city until April 16 to seal the deal. That deadline would have to be extended if China Huadian Corp. decides to pursue the purchase.
Signing over the plant means the city would lose an estimated $100 million it had invested into the venture, including land acquisition, permitting, equipment and more.
Related News
West Coast consumers won't benefit if Trump privatizes the electrical grid
LOS ANGELES - President Trump's 2018 budget proposal is so chock-full of noxious elements — replacing food stamps with "food boxes," drastically cutting Medicaid and Medicare, for a start — that it's unsurprising that one of its most misguided pieces has slipped under the radar.
That's the proposal to privatize the government-owned Bonneville Power Administration, which owns about three-quarters of the high-voltage electric transmission lines in a region that includes California, Washington state and Oregon, serving more than 13.5 million customers. By one authoritative estimate, any such sale would drive up the cost of transmission by 26%-44%.
The $5.2-billon price…
