Whew! PICKENS "POSTPONES" WIND FARM PROJECT

Good news from the Pickens camp. A delay to coordinate with the construction of transmission lines is the reason for not moving forward with his wind farm plans. PAMPA (Houston Chronicle) – Texas oil tycoon T. Boone Pickens has announced that he is delaying — not canceling — his so-called Pampa project. The $10 billion wind energy project will be postponed until 2013 when a $4.9 billion transmission line is expected to be completed. "Financing is tough right now, so what is going to happen is it's going to be pushed back a year or two," said Pickens, whose company, Mesa Power LLP, ordered 667 wind turbines from General Electric Co. for delivery in first quarter 2011. Pickens has yet to decide whether the turbines will be used elsewhere or stored until the Pampa project resumes.