Lynch at Large

Pat Lynch: an Arkansas Icon (and very humble too)

Plum Point developer reconsiders coal fired projects

Reuters is reporting that Dynegy, the company developing coal fired plants, including projects under construction in  Arkansas and Texas, is thinking things over.

Citing the high cost of capital and difficulty in permitting new coal-fired power plants, Williamson said the company wants to protect cash flow and avoid complex financial arrangements.

“This has resulted in a reevaluation of our participation in future greenfield development activities,” Williamson told analysts and investors on a call Wednesday. “This is in light of rising barriers to entry, including the tightening credit markets.”

One must wonder when SWEPCO will see the light.

Filed under: Arkansas, Economy

Thursday early, so what’s happening?

My morning updates are on K-106.3 The Greatest Hits of All Time with John Lee and Spirit FM with Don Burns at 93.3 and 100.7. You can also hear my early morning headlines on Y-95 in Camden.

I often post blog entires of Arkansas interest during the day and evening, so check in at:

http://lynchatlarge.wordpress.com/

My passenger train blog is very popular. You will be surprised at the happenings on Trains for America.

http://trains4america.wordpress.com/

Foreclosures were up 35 percent in November from a year earlier, but down 18 percent compared with October, a California-based tracking firm reported today.

SWEPCO plans to seek ar base rate increase in February or March. While the exact amount has yet to be determined, the move would help pay for three new power plants – including a coal-fired facility in Hempstead County.

Andrew Golden, on of the Jonesboro school shooters, will not be getting a concealed carry permit. He was turned down over the accuracy of some statements on his application. State Police released the name and city of residence which appears in the current Arkansas Times.

Andrea Lea of Russellville won’t officially take her seat as a state representative until next month, but she has introduced a bill to would flip the order of Arkansas’ new annual legislative sessions, setting the regular session in even-numbered years and the budget session in odd-numbered years. Amendment 86 allows the Legislature to make such a change.

Gov. Mike Beebe is undecided on whether to ask voters to repeal annual legislative sessions approved last month, but said the issue isn’t high on his agenda.

Susan Waggener, a math and business teacher at West Memphis High, is Arkansas’s 2008 teacher of the year. She receives a $15,000 check from the Walton Family Foundaiton.

The state has reluctantly agreed to remove a conservation easement on the Depression-era Faulkner County Courthouse, a move that will allow the county’s Quorum Court to deal with the deteriorating building as it sees fit.

The Verizon takeover of Altell will likely take place by the middle of January. The FTC has approved the deal.

A major creditor of Little Rock-based Equity Media wants the company liquidated, not restructured under the Chapter 11 bankruptcy protection.

Arkansas nonprofits have contributed about $8 billion to the state’s economy since 2005, which helped support 189,000 jobs, according to a report released Wednesday.

A man accused of composing a text message during a fatal traffic crash has died from apparent self-inflicted gunshot wound. Jonesboro police say 27-year-old Michael L. Blanchard died at a hospital after shooting himself in the head in front of his mother’s home.

Helena-West Helena voters passed a measure permitting on-premises sales of mixed drinks.

The City Wire has learned that Wakarusa, a large “music and camping festival,” has relocated its venue from the Kansas City area to Ozark for its June 2009 festival. The four-day festival will be held north of Ozark at the Mulberry Mountain Ranch.

UPS will be cleaning up today after a fire at its facilities near the Little Rock National Airport last night. Extent of damages unknown.

NLRDailyNews.com reports the 2009 North Little Rock proposed City Budget showed that $217,978.14 of the funds appropriated to each Ward for drainage and other projects went un-used in 2008.

The U. S. Council of Mayors list of ready-to-go infrastructure projects that might be funded by a federal economic stimulus program apparently includes $9 million for a road to a proposed sporting goods store which might be built in Dark Hollow.

Pulaski County’s Bridge Facilities Board delayed a vote Wednesday on whether to partially close the Junction Bridge when Little Rock excavates the rock formation on its south side.

A Pulaski County Circuit judge cut a murder suspect’s bail by more than half Wednesday after two prosecution witnesses recanted their claims they’d seen him kill a man. One of the women was arrested on a perjury charge as soon as she stepped out of the courtroom.

Filed under: Arkansas

Wednesday Wake Up on KARK TV Channel 4

Join me and Bill Vickery for the WEDNESDAY WAKE-UP around 6:45 every Wednesday morning on KARK TV Channel 4. We pick winners and losers from the past week and comment on the day's top news. Sometimes we play rough, but it is always a million laughs.

Pat Lynch in the Democrat-Gazette

My column on politics and life in Arkansas sows up every Monday morning in the Arkansas Democrat-Gazette. Look for it on the Voices page in the Arkansas section. It's also on the web for paid subscribers at the Arkansas Online site.
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My friends down south can catch my morning headlines on Y-95 in Camden It booms all the way from Hot Springs into Louisiana.

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