Comment from Chesapeake Energy Corporation Concerning Decision Regarding the Red Rock Power Plant
9/10/2007 12:03 PM
OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 10, 2007--Chesapeake Energy
Corporation (NYSE:CHK) released the following comment by Tom Price,
Jr., Senior Vice President - Corporate Development, concerning today's
action by the Oklahoma Corporation Commission to deny the application
to build a coal-fired power plant in Red Rock, Oklahoma.
"We are certainly pleased with today's ruling at the Oklahoma
Corporation Commission denying the application for a coal-fired power
plant. We know the decision was reached after a thoughtful, thorough
and fair review of the economics and environmental facts. This
certainly is great news for all Oklahomans and bodes well for future
generations of Oklahomans."
Chesapeake Energy Corporation is the largest independent producer
and third-largest overall producer of natural gas in the United
States. Headquartered in Oklahoma City, the company's operations are
focused on exploratory and developmental drilling and corporate and
property acquisitions in the Mid-Continent, Fort Worth Barnett Shale,
Fayetteville Shale, Permian Basin, Delaware Basin, South Texas, Texas
Gulf Coast, Ark-La-Tex and Appalachian Basin regions of the United
States. The company's Internet address is www.chkenergy.com.
CONTACT: Chesapeake Energy Corporation, Oklahoma City
Tom Price, Jr.
Senior Vice President - Corporate Development
SOURCE: Chesapeake Energy Corporation