Loss of financial backing killed a $1.3 billion proposal to build a new coal-fired power plant in Waterloo, LS Power announced Tuesday.

Elk Run Energy Associates, an affiliate of LS Power, announced Tuesday that it will forgo further development on the proposed 750-megawatt Elk Run Energy Station. The project, one of two new plants proposed for Iowa, lost financial partner Dynegy Inc. on Jan. 2.

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