Houston company pulls out of energy station joint venture

A key backer for one of three coal-fired power projects in Nevada announced today that it was ending its participation in the project.

Dynegy Inc. of Houston announced on Friday that it and LS Power Associates of East Brunswick, N.J., are dissolving their development joint venture for the Nevada generation plant and other new projects.

The joint venture was developing the 1,600-megawatt White Pine Energy Station near Ely and the Southwest Intertie Project, a transmission line that could provide the first direct connection between electric utilities in Southern and Northern Nevada.

LS Power will acquire full ownership and development rights for the White Pine project and other new developments as a result of the dissolution.

Mark Milburn, director of project development for LS Power, said the company will continue work on the transmission and power plant projects in Nevada.

"We're 100 percent committed to all of our Nevada projects," Milburn said.