Enron backs away from Coburg plant 6

Document text

--> --> Enron backs away from Coburg plant COBURG (AP) - Enron will not be a partner in a proposed natural gas power plant here, the project's managing director said Thursday. But Gary Marcus, who owns Coburg Power, said losing the Texas-based conglomerate will not stop the project. "Enron never drove this deal," he said. "I invited Enron into the deal." Marcus said Enron's participation improved the quality of the plant's design but slowed the decision-making process. Marcus predicted he will find a new backer in less than six months and will have a license to build the project within a year. Enron backed out because the project did not meet its market strategy, Marcus said. Email your... Technical questions & comments to: WebMaster Daily Tidings editorial comments & questions to: Editor Visit our other Oregon Newspapers... | Albany Democrat-Herald | Ashland Daily Tidings | Corvallis Gazette-Times | | Lebanon Express | Newport News-Times | Springfield News | Cottage Grove Sentinel | Ashland Daily Tidings 1661 Siskiyou Blvd. Ashland, OR 97520 Telephone 541-482-3456 © Copyright 2001 Lee Northwest Publishing