Power Company Longview Seeks Bankruptcy, Blames Siemens

wochit business
August 30, 2013 AT 7:14 AM
Longview Power has filed for Chapter 11 bankruptcy and blamed a unit of Germany's Siemens AG for glitches at Longview's $2 billion West Virginia power plant that left it unable to pay its debts. The coal-fired plant in Maidsville has a capacity to generate about 700 megawatts of electrical power and was among the largest construction projects in West Virginia's history. However, it has been plagued by construction delays and legal problems since it was proposed more than a decade ago.