Environmentalists vs. Blackstone Group

Remember the many steps Kohlberg Kravis Roberts took to appease environmentalists that had issues with its plans for TXU? (See next item). Well, a similar fight may be in the offing farther west, according to Fortune. This one pits the Blackstone Group against people who do not want the Sithe Global Power, owned by the private equity giant, to build some coal plants in New Mexico and Nevada. There are many supporters of the plans, but perhaps just as many detractors, including the governor of New Mexico, who will likely be more vocal. So this is a test of sorts for the Blackstone Group. Perhaps they will take a page from the KKR book and try to proactively work something out. Stay tuned.  

For more:
- here's the Fortune article