Aspen Power shuts down; won't likely power up until May - KLTV.com - Tyler, Longview, Jacksonville |ETX News

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Aspen Power shuts down; won't likely power up until May

Danny Vines Danny Vines

LUFKIN, TX (KTRE) - The Aspen Power plant in Lufkin has shut down for a few months due to the low demand for electricity during the winter and likely will stay shut down until May, according to the company's president.

Danny Vines said ERCOT is only paying around $19 for a megawatt of electricity and wood costs Aspen Power $22 a ton to make electricity.

"I've seen prices as low as $7," Vines said.

Vines said he has had to lay off employees, but could not give an estimate of just how many.

Aspen Power powered up in August, becoming the first renewable biomass plant in the state.

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