Five years ago there were 10 EMCs backing Dean Alford’s Plant Washington coal project. Now Alford has announced that there aren’t any EMCs left in the group, EMCs that had originally announced that they would own, operate, and buy power from the plant.
The little that we do know about Alford’s plans is that he still has Colorado based Taylor Energy Fund, LLC as a partner, but he won’t name any others. Nor has he announced any completed Power Purchase Agreements, which are critical to financing the project. Yet Alford continues to believe this project is viable.
I am reminded of the limbless Black Knight, who says to the sword yielding King Arthur,” ‘Tis but a scratch.”