Waste coal plant on hold because of economy
New York City-based Sithe Global Power LLC had announced plans for the plant in Shade Township, Somerset County, in January.
Engineers will continue with obtaining permits, but a spokeswoman says other plans are on hold until the company finds a financial partner.
Plans called for using piles of waste coal to generate power. The power, enough to run 300,000 homes, was to be sold to PJM Interconnections LLC, an electric transmission grid.
The company had hoped the plant could be in production in 2013.
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TOKYO - Japan's worst electricity crunch since the aftermath of the Fukushima crisis has exposed vulnerabilities in the country's recently liberalised power market, although some of the problems appear self-inflicted.
Power prices in Japan hit record highs last month as a cold snap across northeast Asia prompted a scramble for supplies of liquefied natural gas (LNG), a major fuel for the country's power plants. Power companies urged customers to ration electricity to prevent blackouts, although no outages occurred.
The crisis highlighted how many providers were unprepared for such high demand. Experts say LNG stocks were not topped up ahead of winter and…
