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Henrico, Va.,-based ODEC to build new 1,000-megawatt gas-fired power plant in Maryland
Henrico County-based Old Dominion Electric Cooperative plans to build a 1,000-megawatt gas-fired generating plant on an existing site in Maryland. This means the electric cooperative will not, at least for the foreseeable future, build its proposed Cypress Creek power plant in Southside Virginia. Preliminary estimates put the cost of the plant, called the Wildcat Point Generation Facility, at $675 million. That estimate does not include certain startup and financing costs, ODEC said. Old Dominion planned to use locations it owns in Surry and Sussex counties for the coal-burning Cypress Creek plant, which had an estimated price tag of $4 billion to $5 billion. Richmond Times-Dispatch
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STOCKS STAGE REMARKABLE COMEBACK: Here's What You Need To Know
Nikkei plunge versus good U.S. economic data puts markets in a tug of war.
First, the scoreboard:
Dow: 15,296.88, -10.29, (-0.07%)
S&P 500: 1,650.73, -4.62, (-0.28%)
Nasdaq: 3,459.34, -3.96, (-0.11%)
And now, the top stories:
Business Insider
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We thought this Top 10 was timely after hearing about Texas Gov. Rick Perry's radio ad campaign in the winter quarter that targeted California companies. In the ad, which ran on stations throughout the Golden State, Perry says, "Building a business is tough, but I hear building a business in California is next to impossible." With that in mind, here are ten great locations in the South for relocating California companies.
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FEATURE
By Mike Randle
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That headline represents the first eight words to the song titled "Mexican Radio" by the band Wall of Voodoo. The big hit from 1982 (No. 58 U.S. and No. 18 Canada) that was played about a dozen times a day on MTV in the music video era is awesome. The song was popular with the creative class (before anyone knew what the creative class was until Richard Florida told us), is often heard today on some of the most listened-to Internet stations such as Radio Paradise. Go ahead and buy some Mexican Coke at Sam's (that would be Mexican Coca-Cola), sit back, bring up "Mexican Radio" on YouTube and enjoy.
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FEATURE
By Mike Randle
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Do you think it was a coincidence that after Airbus broke ground on its $600 million, 1,000-employee A320 plant in Mobile, Ala., on April 8, that Boeing topped that deal by announcing it would invest another $1 billion and add 2,000 workers at its new 787 Dreamliner plant in Charleston, S.C., just 24 hours later?
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Editor's note: This article was the cover story of the latest edition of Southern Business & Development magazine, the parent company of The Randle Report. "It's good to be Nashville right now," said Nashville Mayor Karl Dean in a wonderful story about his city titled, "Nashville's Latest Big Hit Could Be the City Itself," published in the January 8, 2013 edition of The New York Times. The piece began with this: "Portland knows the feeling. Austin had it once, too. So did Dallas. Even Las Vegas enjoyed a brief moment as the nation's ‘it’ city. Now, it's Nashville's turn."
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