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Study foretold Abengoa woes

Calvin Finch hates to say, “I told you so.” But he feels he should anyway.

“Yeah,” Finch said, “and I’m disappointed that I can.”

This week, the San Antonio Water System’s board of trustees voted to allow a Kansas City firm to take over the utility’s largest-ever pipeline project, a dramatic turn of events linked to the financial troubles of a firm first enlisted to build the 142-mile pipeline.

Last year — months before Abengoa SA, a Spanish firm, fell into financial turmoil — Finch led a water-policy study that deemed the Vista Ridge pipeline project “high risk,” in part due to “the financial status of the major sponsor, Abengoa.” …Read more from SA Express-News